Madrid will still compete with Manchester City because for me Manchester City is a team that also has the opportunity to win the UCL trophy in the new season, because their failure last season when Madrid beat them in the UCL quarter-finals meant they had to go home first, even though I hoped Madrid would meet Manchester City in the final but unfortunately that didn't happen and they met in the quarter-finals, we may not be able to predict Madrid's strength at the start of the season, not all players can quickly adapt to the new players on the field.
It cannot be denied that Real Madrid does have a winning mentality. With several La Liga and Champions League trophies in the last few seasons, that has proven it all. With Mbappe joining them, it will further strengthen their front line but I think it will not be easy for Real Madrid to find a replacement for Toni Kroos, and I think something will change with their game next season. They still have Luka Modric, but he is not in his prime anymore.
What is quite interesting to see is whether Carlo Ancelotti will try to find a replacement for Kross because the transfer window will still be around for quite a long time or he would prefer to provide a new formula with all the resources he currently has.