I cannot agree with you. Real Madrid were very lucky to win the title last season. At the same time, Benzema's consistently good performances helped Madrid win the Champions League title. But this season Benzema's fitness is not good. He is unable to stay with the squad due to injury. I think Real Madrid will be eliminated in the semi-finals.
Luck can't make them sequentially beat PSG, Chelsea, and Manchester City who were the most nominated teams to win that title, what helped them is the winning mentality they showed. This season, I think Real Madrid is far from the competition, Manchester City with Halland and PSG with all their stars seem to be the strongest and most passionate teams. However, we should look at the winter transfer market before making a prediction, with the World Cup ended recently, the market this year should be on fire.
Yes, many times Real Madrid is not really the favorite in this competition. in fact, last season it was the same. however, they were able to overcome pessimism even though we can say that Real Madrid was very lucky in the last season. in fact, Don Carlo was able to bring his troops to win this competition trophy. and at this time, Madrid again not favored. especially since many of us doubted Benzema's existence because he was prone to injury. however, they remain one of the strong challengers in winning the Champions League trophy this season. maybe, Don Carlo will recruit several players in January to strengthen and sharpen his squad.
Likewise with Manchester City, Pep Guardiola is currently trying to bring in Jude Bellingham from Dotmund. Don't miss Bayern Munich, which is always rumored with some big stars. for PSG, their squad is already very strong up front, but it is possible that Galtier will bring in some attacking midfielders to sharpen their strength. yes, we'll see after this winter transfer window has opened. all the teams that we mention here, have the potential to win the trophy in this competition.