The two Spanish giants are Europe’s best two teams, and will start the tournament as favourites.
“Two clubs are fighting above the rest: Barcelona and Real Madrid”, said Ancelotti.
“Barcelona are still strong without Josep Guardiola, but they seem to be less hungry and less defensive than last season. They seem more vulnerable than in previous seasons.”
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.