1) Manchester City

Outright odds: 3.400*

Quarter-final opponent: Tottenham Hotspur

The reigning English champions reinforced their position as favourites to lift the Champions League trophy after a comprehensive victory over German side Schalke 04.

City fell short at the quarter final stage last season after being stunned by an early blitz by domestic rivals Liverpool at Anfield but were outstanding in the Premier League last campaign. They will hope to avoid a similar defeat at the hands of a fellow Premier League club on this occasion.

The Manchester side’s European pedigree has been questioned, but this is arguably the best squad the club has ever possessed and Pep Guardiola has a realistic chance of leading them to their first Champions League final.

2) Juventus

Outright Odds: 3.650*

Quarter-final opponent: Ajax

Juventus have come close to adding to their two Champions League on a number of occasions in recent years, missing out to Spanish opposition in two finals.

The addition of superstar Cristiano Ronaldo to a side already dominant in Serie A was a clear move towards finally capturing the one title that has so far eluded their grasp, and they will have all but secured another Serie A title already this season.

A Cristiano Ronaldo hat-trick inspired Juve to overcome a two goal first-leg deficit Atletico Madrid. When he is in this form they will take some stopping.

3) Barcelona

Outright Odds: 4.350*

Quarter-final opponent: Manchester United

Boasting the attacking talent of Messi, Suarez and Dembele, 2015 champions Barcelona are one of the most threatening sides in European soccer. They have enjoyed domestic success for some time now but will be desperate to emulate their eternal rival Real Madrid’s success in this competition.

The team is experienced with World Cup winners Pique, Umtiti and Busquets forming the spine of the team alongside the ever impressive Messi.

The fact that record signing Philippe Coutinho is not a guaranteed starter demonstrates the quality within a squad equipped to once again challenge for another Champions League title.

4) Liverpool

Outright odds: 4.800*

Quarter-final opponent: Porto

Last season’s beaten finalists Liverpool again feature in the top five of this season’s Champions League Power Rankings.

They were free-scoring during their run to the final last season but did benefit from some favourable draws before suffering defeat to Real Madrid. The Reds were not as fortunate this season with Bundesliga Champions Bayern Munich presenting a formidable challenge in the round of 16. However, a quarter-final tie against last year's round of 16 victims Porto is certainly favourable for Jurgen Klopp's side.

5) Manchester United

Outright odds: 21.000*

Quarter-final opponent: Barcelona

Manchester United struggled this season under Jose Mourinho, before recovering under Ole Gunnar Solskjær.

A surprise comeback away to PSG is a good indication of what this team can acheive but they will need to perform similar heroics to defeat Lionel Messi and Barcelona. The underlying issues prevalant under Mourinho may be revealed by the quality of their opponents.

6) Tottenham Hotspur

Outright odds: 27.500*

Quarter-final opponent: Manchester City

After looking down and out after just three games of this season’s competition, Tottenham Hotspur turned around their campaign with vital results against former champions Inter Milan and Barcelona. They continued this form with a confident victory against Bundesliga leaders Borussia Dortmund. However, the draw has done Spurs no favours, handing them a challenging tie against the current favourites Manchester City. Win that matchup thoguh and Tottnenham would become genuine contenders for the title.

7) Ajax

Outright odds: 41.000*

Quarter-final opponent: Juventus

With an average age of just 23.5 years Ajax are the most youthful team remaining in the competition. They were excellent in the group stage, qualifying undefeated, and were certainly impressive against reigning champions Real Madrid.

There is a sense that this young side can upset the odds again against Juventus. They possess genuine quality in the shape of Hakim Ziyech as well as the incredibly promising Matthijs De Ligt and Frenkie De Jong.

Certainly this side has the potential to cause an upset or two but their inexperience may yet count against them in the high-pressure environment of the Champions league knockout rounds.

8) FC Porto

Outright odds: 76.000*

Quarter-final opponent: Liverpool

Porto will be aiming to avoid the hammering they took at the hands of Liverpool in their last venture into the Champions league knockout rounds.

The Portuguese side profited against AS Roma from the familiar position of outsiders, but will need to be much improved to threaten last season's beaten finalists.

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