Real Madrid surprised many as they lifted the UEFA Champions League trophy for a record 14th time with a 1-0 victory over Liverpool back in May.
The Premier League side had been favourites going into the final and it’s another English top flight club that’s favourites heading into the new campaign.
Manchester City have been made the 12/5 favourites before the groups have even been drawn. Pep Guardiola’s side have had the pre-season favourites tag for a number of seasons now, having won the Premier League in four of the past five campaigns.
Could the addition of Erling Haaland make the difference? The Norwegian superstar has arrived on Borussia Dortmund and is expected by many to be the final piece of the puzzle to help the Citizens lift the biggest prize in European club football for the first time.
City are followed by French Ligue 1 champions Paris Saint-Germain as the second favourites at 5/1, followed closely by Liverpool (11/2) and Bayern Munich (6/1).
The full list of 2022-23 UEFA Champions League odds is as follows:
Manchester City 12/5
Paris Saint-Germain 5/1
Liverpool 11/2
Bayern Munich 6/1
Real Madrid 17/2
Barcelona 14/1
Tottenham Hotspur 16/1
Chelsea 18/1
Atletico Madrid 28/1
Juventus 35/1
Borussia Dortmund 50/1
Internazionale 50/1
AC Milan 60/1
RB Leipzig 90/1
Ajax 90/1
Napoli 125/1
FC Porto 150/1
FC Salzburg 150/1
Bayer 04 Leverkusen 200/1
Sevilla 200/1
Benfica 250/1
Celtic 250/1
Eintracht Frankfurt 250/1
Glasgow Rangers 250/1
Marseille 300/1
Sporting CP 400/1
Club Brugge 500/1
FC Copenhagen 750/1
Dinamo Zagreb 1000/1
Maccabi Haifa 1000/1
Shakhtar Donetsk 1000/1
Viktoria Plzen 1000/1
