Real Madrid seems to have an "easy" path to the title. To be fair, after a certain point you have to face a big team, but here they have a chance to beat Atletico Madrid, which they should be able to do, then face whoever wins PSV vs Arsenal, doesn't seem like a big deal.
Those are the two stages that will take them to semi finals, and at semi finals they will face probably Liverpool, or maybe PSG, basically they are going to have their hardest game there, but shouldn't be impossible in that case too, still looks like they would be favorites on paper. This is why I do not see how things could change for the long term, we could always end up with different results, it just doesn't feel as if it would be too bad for them.
Initially, many people said that Real Madrid might not be able to overcome the hurdle of the group stage because we have seen Real Madrid perform poorly in some matches in the group stage matches of this season of Champions League, but Real Madrid have pulled themselves out of that difficult situation and now they have qualified for the Super Sixteen. Real Madrid will face Atletico Madrid in the Super Sixteen. If Real Madrid can perform against Atletico Madrid like they are doing now, they can beat Atletico Madrid very easily. It will not be a difficult task for Real Madrid to overcome the obstacles that will come in front of them if they beat Atletico Madrid. So Real Madrid have to perform consistently and by performing consistently they have to move forward. Hopefully they will be favorites to win the Champions League title this season as well.