Bayern Munich won the tournament last season after beating Paris Saint-Germain and the Bundesliga champions are amongst the favourites this time.
Pep Guardiola's side eased through their group with five wins and five clean sheets to their name and were offered little resistance in the last 16 as they beat Borussia Monchengladbach 4-0 on aggregate.
Chelsea are 9/2 (5.50) to win the Champions League after a strong performance to win a fairly straightforward Group E ahead of Sevilla, Krasnodar and Rennes.
The Blues look a fearsome prospect under Thomas Tuchel - who replaced Frank Lampard as manager in January - as he impressively guided his side past Atletico Madrid in the last 16.
And if there's one team which can do that, it's Paris Saint-Germain. According to the club's official website (h/t Goal.com), club owner Nasser Al-Khelaifi is hoping for an even bigger year in 2014 after Les Parisiens' Ligue 1 success in 2013.
"I have to thank you. In 2013, together, we became champions. For you, with you, we will continue Paris Saint-Germain's history. In 2014, we're dreaming even bigger," he said.
The Champions League will no doubt be in Al-Khelaifi's mind, as manager Laurent Blanc's side are more than capable of winning it for the first time. They face Bayer Leverkusen in the round of 16.
Chelsea For the most part, football has been a welcome distraction from Covid-19, but the longer stadiums remain empty, the more it feels as though football is merely reflecting back at us what we are trying to avoid.
Gratitude is starting to wear thin. The matches – dull, quiet, unfulfilling – are playing out like our own pandemic existence.
The players are no less affected by the pandemic, of course, and as they act out the emotional landscape of the nation on our TV screens, it is no coincidence that control, or its absence, has proved to be the defining tactical characteristic of the 2020-21 campaign.
Manchester City have all but wrapped up the Premier League title by doubling down on low-tempo possession football, and thereby controlling the variables. Pep Guardiola, surveying the chaos of those early results, quickly realised what to do - but few others have managed to follow his lead.
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