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UEFA Champions League Power Rankings

City, Madrid could resume fireworks in second leg
Joe Prince-Wright, Nick Mendola and Andy Edwards analyze what to expect from Manchester City and Real Madrid's second leg after their 3-3 thriller at the Bernabeu.

The UEFA Champions League 2023-24 quarterfinals are here and as we approach the business end of the competition, so now is a good time to release our latest Power Rankings.

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Can Manchester City win back-to-back titles? Can the likes of Real Madrid, Bayern Munich, Barcelona, Arsenal and Atletico Madrid make a splash? Where will the upsets be? So many questions. So much intrigue. There are some brilliant quarterfinal second legs coming up as giants slug it out once again after goals galore around Europe in the first legs.

[ MORE: Champions League schedule, scores, updates ]

Below you will find our Champions League Power Rankings based on which sides are looking good in Europe’s elite club competition.

UEFA Champions League rankings - As of April 15

The underdogs

8. Borussia Dortmund

7. PSG

6. Bayern Munich

5. Arsenal

Dortmund got a late goal at Atletico Madrid in the first leg and that will give them confidence they can turn things around at home. But they were so far off the pace at Atleti that it seems like it could be a false dawn. Will Sancho and Haller come up with the goods? Atletico are masters in frustrating opponents and pouncing on the counter. PSG will need a big performance, and for Mbappe to show up this time, as they head to Barcelona trailing 3-2 from the first leg. Luis Enrique’s side looked extremely shaky defensively against Barca and at some point they will have to go for it and leave themselves even more exposed at the back. Bayern Munich and Arsenal are level at 2-2 and this one is so tough to call. Arsenal are in a tough moment and are making more defensive mistakes, while Bayern are desperate and showed that in the first leg. As long as Sane and Kane are around in attack, Bayern have a chance but Arsenal are probably the slight favorites even though the second leg is in Germany. Still, whoever prevails out of Arsenal or Bayern will be heavy underdogs against Man City or Real Madrid in the semifinals.

The elite

4. Atletico Madrid

3. Barcelona

2. Real Madrid

1. Manchester City

Atletico are made for tournament play and Diego Simeone’s side will be frustrated they aren’t heading to Dortmund for the second leg up by at least three goals. Even though their form in La Liga has been poor, they should have more than enough to reach the Champions League semifinals. Barcelona are feeling confident as Xavi’s side continue their resurgence and they are on the favorable side of the draw with Atletico or Dortmund to come in the semifinals if they beat Paris Saint-Germain. Raphinha tore PSG apart in the first leg but they will be light in midfield with both Sergi Roberto and Andreas Christensen suspended. Could that tip the balance in PSG’s favor? And then there’s Real Madrid heading to Manchester City after their breathtaking 3-3 draw at the Bernabeu. City are extremely way of Real’s counter attacks and struggled to contain them last week but with Kyle Walker and Nathan Ake back fit, they should be better equipped to cope with that. City vs Real is a real clash of styles and it feels like whoever wins this quarterfinal will win the Champions League.