Manchester City boss, Pep Guardiola has named four teams that can win the UEFA Champions League after Manchester City's elimination from the competition.
Guardiola watched as Real Madrid eliminated his team from the Champions League on Wednesday.
Guardiola's side were defeated 3-1 in the playoff second leg encounter at the Santiago Bernabeu.
The Premier League champions had lost 3-2 in the first leg last week at Etihad Stadium.
They exited the tournament with a 6-3 aggregate defeat across the two legs.
Speaking at his post-match interview after the game, Guardiola said the likes of Real Madrid, Paris Saint-Germain, Liverpool and Barcelona are the four teams that can win the Champions League this season.
The Spaniard, however, admitted that Carlo Ancelotti's side are number one favourites for the trophy.
"Of course Madrid are a contender, definitely," Guardiola said.
"But there are other good teams around. It will be an interesting Champions League season.
"Madrid are always favourites for this trophy. There are other teams who are having a very good season but Madrid are always favourites.
"But there are other teams that are playing very well. Liverpool are having a really good season up until now, Barcelona are amazing, Paris Saint-Germain, with my friend Luis [Enrique] in charge, are on the march.
"But obviously, Madrid are favourites."
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