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The result left second-placed Barca 11 points adrift of the leaders with six games left.
PSG will face Borussia Dortmund in the semifinals after the Germans beat Atletico Madrid.
PSG came into the match unbeaten in their last 27 games in all competitions but were undone by a fired-up Barcelona side looking to return the club to the summit of European football.
Arsenal survived a penalty shootout to scrape past Porto and reach the quarter-finals of the Champions League for the first time in 14 years.
Venables guided England to the semifinals of the 1996 European Championship on home soil before losing to Germany on penalties.
Barca were punished for failing to convert their dominance into goals as Bellingham made the most of the two chances he had in the second half.
City started their title defence by coming from behind to beat Red Star Belgrade 3-1 at home.
Suarez remains the only Spanish-born men's footballer to have won the Ballon d'Or.
The 32-year-old has a contract until June 2025 with an option for a further year, while the Spanish champions also said they had included a buyout clause of 400 million euros ($435.72 million).
Gundogan will leave City after captaining the English club to the Premier League, FA Cup and Champions League last season, ending a successful seven-year stint in England where he won 14 trophies, including five league titles.