It will really be nice to see Madrid in the finals if they can fight their way out. But they need to improve their performance and be consistent in their matches. Barcelona is also a big challenge to them and if care is not taken, if Madrid meet Barcelona on their way to the finals, it will be a big problem for Madrid to escape from their hands. However, UCL is different from Laliga.
Real Madrid are still considered hot favorites for the Champions League title. Madrid's performance was weak in some matches of the Champions League. And at the moment, Real Madrid is a strong team. On the other hand, we saw Manchester City's performance against Arsenal yesterday. Manchester City is not able to play well against big teams. So I don't think Manchester City will be able to create any major obstacles for Real Madrid to qualify for the next round. Real Madrid will win both matches against City.