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Munich strategist Louis van Gaal considers the club to be the favorite to win the Champions League trophy.
"There is only one favorite and that is Barcelona," said the specialist from the Netherlands. "A little below Chelsea from London, but I don't see any other serious candidates besides these two."
In the final of the last season, Bayern lost 0-2 to Inter Milan, and started the new German championship with a sensational loss to Kaiserslautern.
"Other teams may be favorites, but we have ambitions and want to show that we have improved compared to last season," added Bayern defender Philipp Lahm.