Juventus were swept aside by Bayern Munich and the Italian champions looked anything but potential winners of the competition.
“Today, I see teams like Real Madrid, Manchester City, Bayern Munich, Manchester United, Paris St Germain and Barcelona, clubs who have a lot of money, they can buy all the top players and in Italy the situation is different,” said Conte.
“I can’t see an Italian team winning the Champions League in the coming years.”
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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.