It's natural that in every season we have a new winner of the tournament and rarely is the case that defending champion retains the title. PSG has won the last UEFA champions league for the very first time and became the second french club to won that title. For now, PSG is playing the FIFA club world cup and they are among top favourite teams of the tournament. I am looking forward to see how they perform in that tournament. For UEFA champions league, it's difficult to predict who will make it to last stages of the tournament since competition is at it's peak every season.
It is unlikely that PSG will win the Champions League next season. But we cannot underestimate PSG either. Because PSG's coach Luis Enrique is very experienced. And we can see the improvement of the youth-based PSG team day by day. PSG's main strength is that the team is not dependent on any specific player. Every player in the squad performs well in his own place. So, as a team PSG is strong
Madrid, Barcelona, City and Munich will try their best to win the Champions League next season. And these teams are trying to strengthen their squads. The next season will undoubtedly be more competitive. We do not know if PSG will be able to do well in the Champions League next season. But PSG has the potential to do well.