2025/26 Champions League favourites and odds

Ladbrokes previously fancied PSG as the favourites for a successive Champions League title, but Arsenal's flawless league-phase campaign saw them jump to the top of the odds.

The French champions are now fourth favourites to be crowned kings of Europe again, with Arsenal fancied for their first-ever Champions League triumph. Mikel Arteta's men recorded eight wins from eight in the league phase, before navigating a potentially difficult last-16 clash against Leverkusen - and Ladbrokes has odds for the Gunners to win multiple trophies in what could be a special season.

Bayern Munich are also enjoying a potentially historic season and are second favourites to win the UCL after a 10-2 aggregate win over Atalanta, with Barcelona third-favourites after smashing Newcastle 7-2 at the Nou Camp.

PSG thrashed Chelsea 8-2 over the two legs of their round-of-16 tie, while Real Madrid also progressed comfortably with a 5-1 triumph over Manchester City. Liverpool are priced at 9/1, with the Reds thumping Galatasaray at Anfield to reach the last eight.

• Real Madrid vs Bayern Munich

• Sporting Lisbon vs Arsenal

• Barcelona vs Atletico Madrid

• Paris Saint-Germain vs Liverpool

There's still a long way to go in this season's Champions League, so expect the winner odds to potentially change over the next few matchdays as the business end of the season rolls around.

View the latest football odds.

All odds and markets are correct as of the date of publication.