Manchester City may not have been underestimated at the beginning of the season but everyone thought that Manchester City will do well in the Champions League this season as in other seasons but their performance has made them underestimated by many now. I see no chance of Manchester City doing well this season in the Champions League. The battle for the Super Sixteen might not be too tough for Manchester City but if they qualify for the Super Sixteen, it will be tough for Manchester City to win against the opponents that await them in the Super Sixteen. Not only in the Champions League but also in the Premier League we see Manchester City regularly performing poorly. If Manchester City can't improve in performance then they won't be able to finish the season in a good position in the Premier League and they won't be able to secure the next round of the Super Sixteen in the Champions League.
Perhaps you see no chance that Manchester City can do well, but theory sees a chance as they are still around and as of now qualified for the next round, in this case the play-off games. As long as they are in the competition, I wouldn't be to quick with negating their opportunities. They are going through hardships now although they have been correcting some it in the last three games with two wins in the Premier League and going into the next round in the FA Cup. This is something for now. They had so many bad results that this is what they can build upon from here and I think they will.
A win against PSG would be a strong statement because let's face it, beating PSG at home is not like playing against some semi-professional opponent. It is a Ligue 1 team, but they are top notch in regards to the players they have. The big superstar is missing like when they had Mbappe or Messi or Ibrahimovic, but they are still highest level. If Manchester City wins that game, a lot of the aura that made Manchester City so strong would be returning.
Now I am not denying the fact that Manchester City can win against all the teams that Manchester City has as opponents but when the competition is with the big teams but in that competition Manchester City will definitely fall behind. The current situation of Manchester City is not very good, then in the middle of the season, the important defender of the team wants to leave Manchester City, but the situation of this team can be worse. If the performance deteriorates rather than improving or if they continue to perform the same way they are currently performing then they have very little chance of doing well in the Champions League. We may not have realized that Manchester City would become such a failed team this season. Things may not be looking good for them this season but they need to build a good team again in the future.