The X-ray populations of spiral galaxies consist almost entirely of accreting X-ray binaries and supernova remnants. For the most luminous sources, it is possible to use X-ray spectroscopy and variability studies to gain insights into the nature of the sources. However, without unambiguously identified optical counterparts, it is impossible to definitively classify sources as, e.g. high-mass or low-mass X-ray binaries. The nearby interacting galaxy M51 is one of the best-studied galaxies across all wavelengths. At a distance of around 8 Mpc, it is possible to resolve features on scales of a few parsecs both in the X-ray and the optical. Recently, M51 was observed with the Advanced Camera for Surveys on the Hubble Space Telescope as part of a Hubble Legacy program. M51 has also been observed 3 times with the Chandra X-ray observatory. Combining these two datasets, we present initial results on the optical environments of M51 X-ray sources as the first part of a truly multi-wavelength study of X-ray sources in nearby galaxies.