I see Bayern Munich winning this seasons Champions league trophy, their performances in a while is incredible, they only need to convert more chances of scoring, they are favorites ahead of PSG and Real Madrid. If they dont win the trophy, they will get to the finals.
I think there is no need to speculate too early for the Champions League trophy because some teams are still very likely to surprise the second leg and some others will still be fighting for the first leg of the round of 16 this season. So for this season I think it will be very difficult to determine who will get the Champions League trophy this season, because all teams are trying to perform as well as possible in all matches in order to implement it in the Champions League.
Bayern Munich is a good team and their position in the Champions League is good. However, if we compare their performance with PSG's team, Bayern Munich is in a good place. However, if Bayern Munich meets Manchester City earlier, Manchester City has a higher chance of advancing to the next stage.
That is also not certain, because until last season Manchester City also did not get a trophy in the Champions League so if you compare it with Bayern Munich as a whole in the Champions League competition. Of course Bayern Munich is far superior because Bayern Munich has won six trophies in the Champions League, but I don't understand why you say Manchester City has a higher chance of advancing to the next round if you meet Bayern Munich.