#1: Barcelona
Lionel Messi & Company still have to be considered the favorites this season to take home the hardware. The treble winning club was shut out in one of their two group matches so far, but the squad has also allowed zero goals in those matches as well. With Messi, Ibrahimovic, and Henry up front how can Barca ever lose?
#2: Real Madrid
Real Madrid has shown off the offense early on in the year and there is no question that los galicticos are a much better squad then they were a year ago. With Kaka, Ronaldo, Benzema, and Alonso all on board this could be the year that Real Madrid can seek revenge on their Spanish rivals. The club is 2-0 in their first two group matches.
#3: Chelsea
The Blues were robbed last year in the tournament by losing their semi-final leg against Barcelona due to a tie ruling that was decided in the favor of the away team with the most goals scored. Chelsea will search for a more definitive way of reaching the final this year and with Drogba and Anelka both up front they have the best shot of any English team.
#4: Manchester United
Sure plenty of players have left the building including Ronaldo and Tevez, and their starting keeper has yet to play this year, but Manchester United still has one critical piece of the club left over that should guarantee some form of success. Sir Alex Ferguson flat out knows how to win matches and expect the Red Devils to contend like usual.
#5 Arsenal
Arsenal is, in my own humble opinion, the most enjoyable club to watch in all of the Premier League. They score a lot of goals and use a lot of different weapons and methods to score. Also their defense is not elite so they often will get into some high scoring matches. But so far the offense has done more then enough to support the cause.