My prediction is more of between Manchester City and Real Madrid. I see Real Madrid with the chance of winning the UEFA champions league then Manchester City comes second. The only issue I am having with Real Madrid is the need for Vinicius Jr and Rodrygo to make more goals than they do. They have to take up the challenge strongly as they have the chance to do so but they must work exta miles to achieve that.
I have the same prediction for favorite UEFA Champion League winner in this season between Manchester City or Real Madrid despite have many other teams such as Bayern Munich, Inter Milan and Barcelona. Both favorite teams above have impressive performance in domestic league and consistent in the winning trend will make their opportunity for winning UEFA Champion League looks easily without have hard working keep focus in domestic league.
Man City and Real Madrid are teams have solid composition right now, most of their regular players not injured and easily for Man City keep defending their Champion League tittles, so far both teams have guarantee their position in 16th round and waiting to be first standings or runner up position.
Manchester City and Real Madrid have always been able to dominate their opponents so far, but you should not exclude Bayern Munich. This season, Bayern Munich is starting to perform better compared to last season, since Kane presence in the squad, Bayern Munich has found it easier to win. Real Madrid is always the favorite because of its status as the team that has won the most UCL trophies, but I still doubt Real Madrid quality this season. I'm still waiting for the moment of Real Madrid versus other big teams to draw conclusions, while Manchester City is no longer in doubt, let alone its status as defending champion.
It's no wonder that there will be many people who put Manchester City and Real Madrid as the biggest favorites to win the Champions League this season. Manchester City themselves now hold the status of defending champions and Real Madrid as we know they are a club that has a very good history and they now hold the title as the club that has won the most championships.
On the other hand, we can't rule out other clubs that also have a chance, although I agree that other clubs don't have as big a percentage as the two clubs being discussed here.