As of right now I think you got to include Barca in the top 5 somewhere, 8 points clear in the league , barely conceded a goal. I know Europe was disappointing but winning the Europa League would still be huge, it's still a good competition with plenty of decent teams.
Bayern, Barca, Napoli, Arsenal, City are current 5 best in my opinion. I tipped Bayern for the CL at the beginning of the season for a number of factors, second season under Nagelsmann, good squad, we got Lewandowski and the footballing gods like shitting on Barca so that will be another stick to be beaten with. I would love Napoli to win it though and you can never count out Real Madrid in that competition.
I really do not rate PSG at all and haven't done in a while. If they stuck with Tuchel, he could've built something but Nasser can't help getting in the way.