Arsenal were heading for a first defeat in 14 league phase or group stage games before a slick passing move involving Noni Madueke and Viktor Gyokeres allowed Rice to race into the box and fire a clinical finish beyond Manuel Neuer from an acute angle.

Earlier, Eberechi Eze had scored the opener in similar style from a Martin Odegaard pass after replacing Bukayo Saka, who was forced off with an injury Mikel Arteta later said "doesn't look good at all", but Harry Kane inspired Bayern's recovery.

The former Spurs striker, who is one of the leading contenders to win the Ballon d'Or at Monday's ceremony, set up Alphonso Davies' leveller with a superb through-ball before converting their second goal from the spot after Jurrien Timber had handled.

Kane's goal was his 16th in 22 appearances against Arsenal and made him only the second player after Cristiano Ronaldo to score in 10 consecutive Champions League games.

Bayern were missing Michael Olise due to suspension and Joshua Kimmich due to a death in his family but still created numerous chances, with David Raya brilliantly saving the best of them when he clawed away a close-range header from Davies.

But Arsenal were a threat too, despite Saka's withdrawal. Bayern needed a superb piece of goalkeeping from Manuel Neuer to prevent a Bruno Guimaraes header from crossing the line after half-time.

Kane's penalty, after his shot had struck Timber's arm, arrived not long afterwards, but it was his England team-mate Rice who ended up having the final say on a dramatic night.

Skysports