Manchester City got their first trophy this season, maybe they still have a chance to be the favorites team again in next season, if there are no changes in their squad. But I think they can certainly reach the top 8 or even semi-finals, but also to win again I think it's too early because there are many big clubs who have pocketed tickets for next season. We can't underestimate them either especially Inter, although they unlucky this season but they can reach to the finals, it's a sign of how strong they are this season and maybe next season they can showing more optimal.
Despite that many teams have built up their squads for next season's Champions League and their domestic leagues, currently, in my own view, I have not yet seen any squad that is still better than Manchester City's squad, so thinking that Manchester City can't win the Champions League next season again is something I can't easily predict because the competition has not yet started to see their performances. The only squad I can currently use to compare Manchester City's squad standards is Bayern Munich, which I still believe doesn't have Manchester City's number of quality players. But the truth is that any other club can be the winner of next season's Champions League, but for now, their chances of winning the Champions League compared to Manchester City are not great. Let's wait and see how their performance will be when the Champions League starts.
The Manchester City squad has indeed proven a great, because they were very solid in the previous season. So yes, for now there is no squad that looks better rather than Manchester City because this competition has not started yet right, and we don't know the performance improvements of several clubs in this new season. Bayern Munich squad looks good, but they still haven't got a reliable striker. Despite that their defense is probably looks perfect at the moment, as they have already signed several players in the summer transfer window.