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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.
The champions League competition is a very important title for all the clubs but it takes the team with the best performance and good quality players to compete and win the trophy but recently the performance of Inter Milan has been good especially during their qualification as they have defeated big teams but their inability to win the champions League has been the reason why most people think they aren't good enough. The EPL teams appear to be very good and promising this season but it will take time to know if they will perform well in the champions League.
The other big teams are not forgotten also they have the quality players to get to the finals but the ability of the teams to progress to the finals will determine who wins the competition.
Although Inter Milan failed to win the Champions League trophy last season, they were still better than several Premier League representatives, because they managed to become finalists. Of course, any team has a chance to win the trophy, and the team with the best squad depth will always have a better chance. Real Madrid, Bayern Munich, PSG, Manchester City, Liverpool, Barcelona, and Inter Milan, in my opinion, have better bargaining power than most of the other contenders, even thought there's no guarantee they'll win the trophy this season.
I think Arsenal's strength is also worth considering, they've improved in recent seasons. Overall, the other dark horse teams last season managed to pull off many surprises, and it's possible they'll do the same again this season. What's certain is that the competitive dynamics will be very different, and it will certainly be even more competitive.
You have mentioned all the strong clubs in the competition as favorite to win this season Champions League. I don't think that there will be any surprises from the dark horse teams, because I have been trying to wrap up something in my head on which club apart from the ones that you mentioned above is capable of going far. Napoli is not capable of it.