Because beating Chelsea this season may not be too hard for Real Madrid, but against Bayern Munich, I think it will be much harder to beat even if you can.
I agree. Bayern has been the top favorite for me to win this year's Champions Leauge for some time now. After the game against PSG, Real is also one of them. I didn't really expect much from the aging stars Benzema, Modric and Kross, but against PSG they triumphed again like in the old days. ManCity and Liverpool are the other two favorites for me. I'm not sure about ManCity because they always lose in the decisive matches.
For me, the top favorite to win the Champions League is Manchester City.
It’s true that the last few years Manchester City have failed to win the Champions League but they have been close every time and I think this could be their year.
Guardiola is certainly very motivated to prove that he can win the Champions League without Messi and Barcelona and his team has probably learned a lot from previous failures and I think they are finally ready for the title.
As for the aging main players Real, Modric and Kroos, they certainly prove that age is not important but the quality of their games and performance on the field.