Jose Mourinho has played down Chelsea's chances of winning the UEFA Champions League in his first season back at Stamford Bridge.
The Portuguese guided Porto and Inter to Champions League glory, but failed to win Europe's premier club competition in his first spell at Chelsea or during his Real Madrid tenure.
The London club have already qualified for the last 16 of this season's competition despite defeat at Basel last time out and will win Group E should they beat Steaua Bucharest on Wednesday night.
Bob Paisley is the only manager to win the European Cup three times and Mourinho does not expect to emulate the Liverpool legend's feat next May.
He said: "Our chances this season, which is my first season (back at Chelsea), are not comparable with chances other clubs have.
"Other clubs have completely different stability, squad and evolution of teams to be considered favourites to win.
"We reached the last 16. If we reach the quarter-final, which is the next step, I used to say every team in the quarter-final has a chance to win. But in my analysis we are not one of the favourites."
European champions Bayern Munich have displayed ominous form again this season and Mourinho believes the German giants, Barcelona and his former club Real are the teams to beat.
He said: "Bayern is European champion and a top club. They have a new coach (Pep Guardiola) but the same players, same team. Barcelona and Real Madrid also. These teams clearly (are among the favourites) in terms of potential and responsibilities.
"But I say other teams are very strong. One of these teams arrive in the last eight and then anything can happen. Manchester City, Manchester United, Atletico Madrid and Chelsea.
"In the 16 we find some difficulties to cross because some important teams can finish second (in their group).
"You can have City, Dortmund, Juventus. Teams can finish second that can beat anyone of the first teams, so it is an interesting competition as always."
Mourinho also revealed that left-back Ashley Cole will start against Steaua at Stamford Bridge and he will make further changes from the side that was beaten 3-2 at Stoke City on Saturday.
|12||J. Obi Mikel||20'|
|Coach: José Mourinho|
for Oscar 67'
for J. Obi Mikel 74'
for Willian 80'
|Bilic proud of Besiktas achievements following his final game in charge|
|Vietto encourages Atletico bid|
|Di Santo in demand, claims agent|
|Arteta: Arsenal harbour high ambitions for next season|
|Wilmots considering Schalke offer|
|McCall: Rangers need a miracle|
|Sporting Kansas City 4 Dallas 0: Nemeth, Zusi destroy 10-man visitors|
|Geferson replaces Marcelo for Copa America|
|PSG captain Silva in doubt for Coupe de France final|
|Valverde: Bilbao to stick to style in Copa final|
|Youngsters promoted to Australia´s squad to face Kyrgyzstan|
|´Another round of indictments´ expected in FIFA case|
|Disappointed FFA, US Soccer still want change|
|Gutierrez: Ashley abandoned me|
|US senator urges Blatter to release Garcia Report|
|Gutierrez, Taylor released by Newcastle|
|Figo calls on re-elected Blatter to resign after ´dark day´ for football|
|Szczesny blasts father over ´idiotic´ comments|
|Blatter vows to leave ´strong´ FIFA|
|Blatter re-elected as FIFA president|
|BREAKING NEWS: FIFA elections set for second round of voting|
|Atsu wings in for Bournemouth campaign|
|Klopp: Pokal final not about me|
|Clement says Real goodbyes|
|Inter v Empoli: Icardi looking for final flourish|
|BREAKING NEWS: Blatter - I will fix FIFA|
|Northern Ireland v Qatar: O´Neill keen to prepare for Romania test|
|Palestine drop proposal for Israel suspension|
|Suarez will only get better, warns Iniesta|
|Martinez keen to recruit quickly|
|Monk keen to build on successful Swansea campaign|
|Fit-again Suarez set to aid Barca´s treble quest|
|Anonymous ´bomb´ threat received at FIFA Congress|
|Qatar organisers insist World Cup bid met ´highest ethical standards´|
|Wilkinson and Sorensen leave Stoke|
|Blatter: You can´t ask everyone to behave ethically just like that|
|Van Bronckhorst positive about Feyenoord future|
|Australian police to look into FFA-Warner dealings|
|Dardai signs Hertha deal|
|Protester interrupts FIFA Congress|
|Spurs complete Wimmer signing|
|Warner questions charges following release|
|Mexico v Guatemala: Herrera´s men kick off Copa preparations|
|New Zealand no longer supporting Blatter|
|´Post-World Cup trauma´ affected Mertesacker|
|Racing Club 0 Guarani 0 (0-1 agg): Draw sees Paraguayans through|
|Hamburg shocked by Karlsruher attack - Labbadia|
|Serie A Preview: Napoli, Lazio eye Champions League|
|Hodgson will not overstay England welcome|
|Scholes: United must keep Di Maria|
|Leyton Orient appoint Hendon|
|Benteke has a buy-out clause - Sherwood|
|US Soccer will support Prince Ali in FIFA election|
|Dynamo disappointed with officials after City friendly abandoned|
|Calls for Suarez appeal gather momentum|
|Eredvisie Review: Vitesse denied by late Uth goal, NAC Breda boost survival hopes|
|Rangers 1 Motherwell 3: McCall´s men facing uphill struggle|
|Hamburg 1 Karlsruher 1: Bundesliga side escape with draw|
|Blatter vows to lead FIFA clear of trouble as corruption scandal rolls on|
|Bundesliga: Bayern Munich season review - League crown not enough to signal successful campaign|
|Genoa forced to wait for UEFA licence|
|Injured Cardozo out of Paraguay squad|
|CONCACAF provisionally dismisses Webb and Li|
|Klopp: Career highlights of a charismatic coach|
|Verona v Juventus: Ogbonna seeks strong Champions League warm-up|
|FA charges Demetriou over betting breaches|
|Atalanta v Milan: Inzaghi faces last chance to prove worth|
|King joins Bournemouth as QPR rebuild begins|
|Plymouth part ways with Sheridan|
|Hernandez banned for three matches|
|Chelsea star Fabregas has nose surgery|
|Blatter: More bad news may follow|
|Galliani hopeful over Ancelotti deal|
|Frontzeck to continue as Hannover coach|
|Tremmel released as Tate waves goodbye to Swansea|
|Arsenal v Aston Villa: Sherwood out to upset holders|
|UEFA open to boycott of World Cup - Platini|
|Porto activate release clause for Casemiro|
|Athletic Bilbao v Barcelona: Catalans seeking second leg of treble|
|Auxerre v Paris Saint-Germain: History beckons for Ligue 1 champions|
|Cole confirms West Ham departure|
|UEFA elect not to boycott FIFA Congress|
|Borussia Dortmund v Wolfsburg: Klopp aiming for triumphant farewell|
|Flamini hails Coquelin impact at Arsenal|
|South Africa deny wrongdoing in World Cup bid|
|Benitez confirms Napoli exit|
|McShane among six released by Hull|
|Cerci committed to Milan|
|West Ham expect Collins to return for pre-season|
|Real deny Pogba bid|
|Important to keep Chelsea squad together - Mourinho|
|Alonso: Gerrard was magic|
|Pochettino silent on Ings speculation|
|Visa threatens to ´reassess´ sponsorship amid FIFA scandal|
|Blatter skips FIFA Medical Conference|
|MLS Preview: Revs not out for revenge against Galaxy|
|MLS Review: Sounders go top in West, Timbers and Galaxy win|
|AFC stands by Blatter|
|Matheus ´alright´ after collapse - Markevych|
|Copa Libertadores Review: River, Inter through to semis|
|Signing Toni a ´long shot´ for Adelaide|
|Ramsey good enough for Barca - Coleman|
|Bacuna pushing for Benteke stay|
|Evans stunner settles City friendly in Toronto|
|Banega: Emery a great coach|
|Emery tight-lipped on Sevilla future|
|Argentina finalise Copa America squad|
|Nike issues statement following arrest of FIFA officials|