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All teams have an equal chance to compete for the title, but looking at the quality of the players in each team reveals the quality of the team's competitiveness. Inter Milan has been quite good at eliminating some strong teams, but they have always failed to reach the championship final. This season, I see the Premier League representatives as having a better chance, although I'm not discounting Bayern Munich, Real Madrid, Barcelona, or PSG. Anything can happen, as football sometimes goes unpredictably.
In recent seasons, Inter have successfully reached two finals against Manchester City and PSG. Inter failed to win the title, allowing the two title-less teams to claim their first Champions League title in the club's history. Inter are quite good, but they lack the winning mentality of a team with a better record, despite the club's greater Champions League experience. This season might be different and I don't think Inter will return to the final, but as you said, anything is possible because this is football.