It is not easy to predict which team will win the Champions League title. Because the favorite team does not always win the Champions League.
It is not easy to predict it because in Champions League history, only Real Madrid were able to protect their championship. They are the only champion who could protect their title and they did it under Zidane time. Before and after Real Madrid, no other clubs could do that even how strong they were.
PSG, Munich, and Manchester City have been favorites for the Champions League title in the last few seasons. But they could not win the title.
If a current champion can not protect their title even just one previous season, they dominated Champions League and won it, it is impossible to say what team will win it.
Chelsea won the title in the 2020–21 season. But no one imagined that Chelsea would win the title.
They won it surprisingly but before that season, they did have very stable performance in Champions League and usually went to quarter finals, semi finals and even final match.
Madrid and Manchester City seem to favorite this season as well. But every team in the quarter-finals is strong enough this season. And so it cannot be said for sure which team will be the champion this year.
Both club will have to meet each other in semi final if they beat their opponents in quarter final. They will not have chance to play in this season final match together so you will have to pick either Real Madrid or Manchester City.