2025/26 Champions League favourites and odds

Ladbrokes looks at the latest Champions League 2025/26 odds. The competition's most decorated side, Real Madrid, are tipped for glory once again.

Despite not even reaching the semi-finals of the 2024/25 Champions League, Real Madrid have been priced as the pre-season favourites to win Europe's top club competition come May 2026.

Los Blancos have shorter odds than Premier League champions Liverpool and reigning Champions League holders PSG, both of whom round out the top three.

Real Madrid were beaten 5-2 on aggregate in the quarter-finals of last season's competition by Arsenal, with the Gunners failing at the final four stage to eventual winners PSG.

Despite not reaching the final four, Real Madrid are tipped to get back to winning ways in the UCL next season, boosted by the signings of Trent Alexander-Arnold, Dean Huijsen, and the other new faces that are expected to follow.

The task for new manager Xabi Alonso, who won the competition with Madrid as a player, will be to take his beloved side back to the top of European football, a place the club more than belongs.

Two clubs who will have something to say about that are Liverpool and PSG, with both sides in the conversation to win the Champions League come the end of the season.

Arsenal, Bayern Munich, Manchester City and Barcelona are the only other clubs with odds of 10/1 or shorter at this stage, but with the season not having kicked off yet, a lot is still going to change on the odds front.

Below are the odds for several clubs to win the Champions League come the final in Hungary on May 30, 2026.

Before we can even think about next season's Champions League, several of the favourites for the competition will be competing in this year's Club World Cup between June and July.

Despite being behind Real Madrid according to the Champions League odds, PSG are in much better form than Los Blancos, which explains why they're priced as the favourites to win the Club World Cup in July.

It's all good news for PSG, even on an individual front too, with Ousmane Dembele priced as the odds-on favourite to win the Ballon d'Or at the ceremony in September 2025, with last season's Champions League glory behind a key reason why.

View the latest football odds.

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