Champions League 2025/26 odds: Real Madrid favourites

With this season's Champions League now in the history books, Coral has released its Champions League 2025/26 winner odds. Real Madrid are the early favourites.

The new Champions League format had its critics early on, but produced some thrilling matches and drama on the final day of the group phase. PSG were worthy champions, smashing Inter Milan 5-0 in the final in a display of attacking brilliance.

It's perhaps surprising that they are not favourites, but Real's European pedigree is unmatched. Let's dive into Coral's full rundown of the odds, favourites and dark horses for next season's Champions League.

Real Madrid are the current favourites to win the 2025/26 Champions League at odds of 11/2. Los Blancos, who are also joint-favourites for the upcoming Club World Cup, will be hoping to win a record-extending 16th Champions League title.

Real exited this season's competition in the quarter-finals to Arsenal, but it's a summer of change with Xabi Alonso appointed as new manager, and Trent Alexander-Arnold and Dean Huijsen already confirmed as new signings.

Paris Saint-Germain and Liverpool are next in the running at odds of 6/1. PSG broke the record for margin of victory in a Champions League final in their emphatic win over Inter, and impressed with their style of play throughout the knockout stages of the tournament.

Premier League champions Liverpool finished top of the league phase in the new Champions League format, but were rewarded with a last-16 tie against PSG. The 6-time champions of Europe will be itching to make amends next season.

Barcelona, Arsenal and Manchester City are all priced at 8/1 to win the 2025/26 Champions League. Can Lamine Yamal, who is firmly in the Ballon d'Or race, lead Barca to their first European trophy in a decade?

There will be six English teams competing in the Champions League this season, with five qualifying through the Premier League before Tottenham secured their spot by winning the Europa League.

As mentioned, Liverpool, Arsenal and Manchester City are among the bookies' favourites to win next season's Champions League. But what about the others?

Chelsea, who became the first team to win all three UEFA club competitions when they won the Conference League, are 20/1 to win their third Champions League trophy.

Newcastle failed to make it out of a tough group when they were last here in 2023, but did have a memorable 4-1 win over PSG at St. James' Park. Could the new format benefit the Magpies? They're 25/1 to win it.

Meanwhile Spurs, who finished 17th in the Premier League in 2024/25, are odds of 40/1 to go one better than they did in 2019, when they lost to Liverpool in the final.

They are hardly dark horses, but Bundesliga winners Bayern Munich are odds of 10/1 to lift the trophy. Beaten finalists Inter Milan are odds of 25/1 to win the competition next year, as are Atletico Madrid.

Serie A champions Napoli are 28/1, while Juventus are priced at 40/1. German heavyweights Borussia Dortmund and Bayer Leverkusen are both odds of 66/1 to win next year's Big Ears.

Celtic and Rangers both need to make it through qualifiers to make the league phase, and are odds of 200/1 and 250/1 respectively to win the 2025/26 Champions League.

Next season's Premier League and Championship odds have also been released at Coral.

View the latest football odds here.

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