Apart from the fact that Bayern Munich failed to win the Bundesliga in the previous season, they are also playing with a new coach this season. Vincent Kompany is a good coach but I think we can't talk about the UCL yet because new coaches usually need time to adapt. I think the first realistic target is to win the Bundesliga. I think the club management wants Kompany to focus on the Bundesliga first. The UCL is a different level and I think if Kompany can give good results for the club, it will still take time to build a solid squad.
This is Kompany's first experience handling a giant club like Bayern Munich, focusing the team on the Bundesliga and reclaiming the trophy stolen by Leverkusen last season can be said to be a realistic target for him this season, because as you said if the target is UCL I doubt Kompany can compete even though the squad depth is good, but I also can't underestimate Kompany's ability, in this case he just needs to be a little patient and gain more experience to become a coach who deserves to be respected in all competitions. and I'm sure Kompany can prove it because from the opening match that Bayern Munich has played, there seems to be no problem and also during the pre-season match that Munich played, they got good results. so the Bundesliga trophy is a more important target at this time
So far Kompany can be said to be quite good when handling Bayern Munich, starting from the pre-season they played until the first match in the Bundesliga. However, if it is said that Bayern has achieved an impressive game under Kompany, we know they have not reached there. In fact, the Bundesliga has only been running for one week. There are still many matches that Bayern must play under Kompany, we will see how consistent they are overall. IMO, I am sure Kompany knows very well that there are still things that need to be evaluated from the team he coaches. In the next two days Bayern will visit Freiburg's home, although on paper Bayern is favored, we cannot be sure of their performance. Let's just enjoy the matches they play, especially ensuring Bayern Munich's performance. Likewise in the Champions League, we do not know how far they will go, especially since the group stage draw has not been held. What is certain is that Kompany will do his job and bring Bayern as far as he can.