The Champions League final four - who's favourite to take home Europe's biggest prize?

The Champions League is down to its final four as the competition reaches its semi-final stage this week, with the first legs in two massive showdowns. 

On Tuesday, it's PSG taking on Bayern Munich, followed by Atletico Madrid vs Arsenal, with all four teams vying for a place in next month's final. 

DAZN News looks at the remaining sides and their chances of lifting the famous trophy in Budapest. 

PSG 

Only Real Madrid have managed to retain the Champions League since its change in format and name in 1992, so the French side has a big task if they are to win the competition for a second season in a row. 

However, this is a PSG side who seem to be falling into the same pattern that they did last year, as they triumphed for the first time in their history. In the early parts of the campaign, Luis Enrique's side had their detractors, with many believing they weren't quite matching up to the same vibe as they did on route to lifting the trophy in 2025. 

With Lens pushing them hard domestically and a league phase that had its ups and downs, there were concerns that the Parisians couldn't repeat their feats of last term. However, as with a stuttering start in Europe in 2024-25, PSG look to have found their swagger again and have timed it perfectly once more. 



Ousmane Demebele is back fit and firing; they lead Ligue 1 and comfortably saw off Liverpool in the quarter-finals to show they are focused on not letting their trophy go. 

Ideally, they wouldn't have wanted Bayern in the final four, having already been beaten by the Germans earlier in the campaign, but it may give them the perfect opportunity to show that they're back to their best and ready to rule Europe for a second successive year. (C)Getty Images

Bayern Munich 

There isn't a more dangerous team in Europe right now than the newly-crowned German champions, and they've got their sights set on more silverware this season. 

They've secured their second consecutive Bundesliga title with an attack that has broken all league records thanks to the outlay of Harry Kane, Michael Olise and Luis Diaz. 

Kane has scored 52 times already this season, and having bagged another major trophy, a Champions League win would only increase his chances of winning this year's Ballon d'Or. 



Vincent Kompany's men have only lost once in Europe this season - to Arsenal in the league phase - and already beaten PSG, so they go to France in formidable form. 

The German's last European Cup was in 2020, but they go into the final four very much the form team, and if pushed, you'd say favourites for the competition right now. Dennis Agyeman / Europa Press Sports via Getty Images

Atletico Madrid 

Possibly not the Spanish side you expected to see at this stage of the competition, especially as the last La Liga side standing, but this is a Madrid team who have steadily grown stronger throughout the competition.

Interestingly, they don't come with what we've expected for Diego Simone's Atletico over the years, that being dogged, defensive and really hard to break down; no, this is a team with much more freedom about them.

They showed how dangerous they are in knocking out Barcelona in the last round - the second competition they've dumped them out of this season - and they have an attack full of goals.



Julian Alvarez is proving why he made the right move in being his own man in Madrid, while the addition of Ademola Lookman has been very shrewd. 

However, they do leak goals, too. The Gunners have already put four past them this season, and even in progressing through the rounds, they continue to outscore opponents because they have no choice, given how many they'll be conceding.

That will probably be this side's undoing in a Champions League chase. 

Arsenal 

The Gunners were in such formidable form that they were eyeing a quadruple at one stage, but just a piece of silverware would be enough to finally cement this team as one of Europe's best. 

The title is still on, albeit in much more precarious circumstances than it was a month ago, meaning there'll be a nail-biting end to the season domestically. 
 

As for Europe, Arsenal remain the only unbeaten side in the competition, and would be pleased to have avoided the two big guns in the final four - not that they are underestimating Atletico. 

They have, however, already swept aside the Spanish side this season in the league phase, and given the second leg is in North London, it looks like Mikel Arteta's men have the advantage. 

It would be a first Champions League final for the club since 2006, so 20 years on, can they get there, and can they finally lift the big one??

 

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