The Spanish championship is a very difficult and long competition and I don't think Real can relax too much and think that everything is under control.
After all, Sevilla are very close to Real and it seems that they will be the main competitors for the title.
As for the Champions League, I personally don’t think Real is the main favorite to win this competition.
I give Manchester City, Bayern, Liverpool and PSG more chances.
I don't say they will have an easy life. But they will have things minimally controlled. Even with Sevilla alert, they are 5 points ahead. Which gives them room for some slip. In other words, if things in the championship continue at the same pace, when the game with PSG arrives they will be able to go with all their strength.
I agree that Man City and Bayern are the ones with the best chances of winning the competition.