Paris Saint-Germain begin the 2026/27 Champions League campaign as the bookmakers’ favourites, with Luis Enrique’s side looking to make it three consecutive European titles.
PSG are priced at 11/2 to lift the trophy in Madrid next May, narrowly ahead of Barcelona at 5/1. The Catalans have strengthened significantly during the summer, with Rodri, Anthony Gordon and Karim Adeyemi among their headline additions.
Arsenal are third favourites at 6/1 after reaching last season’s final, where they lost to PSG on penalties. Mikel Arteta’s side will now attempt to go one step further and secure the first Champions League title in the club’s history.
Bayern Munich follow at 13/2, despite being regarded as one of the strongest sides in last season’s competition. Real Madrid, who have won the trophy a record 15 times, are fifth at 7/1 under new manager Jose Mourinho.
Manchester City are sixth favourites at 9/1 following a major period of change. Pep Guardiola has departed after a decade in charge, while Rodri has also left the club. City have responded by investing heavily in their squad, but whether those changes can deliver a second Champions League crown remains one of the season’s major questions.
Liverpool are priced at 12/1, while Manchester United are further back at 20/1. Inter Milan (28/1), Atletico Madrid (33/1) and Aston Villa (40/1) complete the leading contenders listed by the bookmakers.
UEFA Champions League 2026/27 odds
| Team | Odds |
|---|---|
| PSG | 11/2 |
| Barcelona | 5/1 |
| Arsenal | 6/1 |
| Bayern Munich | 13/2 |
| Real Madrid | 7/1 |
| Manchester City | 9/1 |
| Liverpool | 12/1 |
| Manchester United | 20/1 |
| Inter Milan | 28/1 |
| Atletico Madrid | 33/1 |
| Aston Villa | 40/1 |
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