I think everyone has similar thoughts about PSG. What I will point out will be more interesting. So, if PSG surprises this year and reaches the semi-finals or finals, will this success be Enrique's success? Maybe if such a thing happens, Mbappe will stay in the team and with a few great transfers, PSG will be one of the favorites next year. This probability is very low, but what if it happens? That's when PSG can catch fire again.
It is very easy for PSG to dominate Ligue 1 and dominate other domestic competencies with the top players they buy every time the transfer window opens, but winning the Champions League is not as easy as buying players. In fact, PSG was only able to advance to the last 16 in the last seven seasons, they reached the final in the 2019/2020 season, then in the following season their progress stopped in the semifinals.
This season the PSG squad is under the guidance of Luis Enrique who has experience in the UCL, but their inconsistent performance makes their journey very difficult when facing big teams. I don't think PSG can surprise this season, they qualified for the round of 16 due to luck after fighting hard in the group stage.
This season's UCL trophy is not for PSG, there are still other strong teams who always perform consistently who are better prepared to fight for the trophy. Luis Enrique must develop a strategy with a more solid team strength if he wants to bring PSG to the UCL trophy.
The situation is still the same as before. PSG does have a very good dominance in Ligue 1 but the farm league competition cannot be compared with the Champions League because after all, looking at the current situation, PSG can still dominate with their money power but for the Champions League they remain the same as other clubs and indeed there are still even some clubs that are stronger than PSG in the competition in the Champions League.
The fact that they are also sometimes not too favored in the group phase or drawing makes them always lose momentum, especially in these 3 seasons when in the previous 2 season they were troubled and had to fail in the knock out phase because they had to lose to Madrid and Manchester City.
This season is also almost the same when they have started to be troubled in the group phase which must indeed be in a hell group that makes them difficult and it isnt impossible for them this season to find a troublesome club also in the last 16.
The Champions League trophy is not something that is easy to get even though maybe PSG still has a small chances to be able to get it but they have to work harder if they are really serious because this is not ligue 1 that they can conquer easily.