Yes, I think Manchester City are still the team with the most potential to reach the final and win the Champions League title, and this season they really have to prove that to the world.
But I hope that Real Madrid will also not disappoint this Champions League season even though the probability is lower than Manchester City, PSG, Liverpool and Bayern Munich. The probability is not important because Real Madrid can actually prove it in other ways like last season. I hope things will still be as easy as last season.
When the final part of the playoffs begins in the Champions League, then very often it all depends on specific matches, someone played well in defense and won the penalty shootout, someone was able to score a goal in the last minutes and win. Maybe it's luck, maybe skill, but there are teams that are more lucky. ) City proved that they can reach the final, and Real proved that they can win the final. It is difficult to predict who will win, there are many worthy teams.