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ESPN FC  By ESPN staff

Barcelona favourites, Leicester have 0.6% Champions League chance - SPI

Leicester City's chances of winning the Champions League this season are just 0.6 percent despite qualifying for the quarterfinals of the competition while Barcelona are favourites to win the competition, according to FiveThirtyEight's Soccer Power Index (SPI).

Leicester defeated Sevilla 2-0 at the King Power Stadium on Tuesday night courtesy of goals from Wes Morgan and Marc Albrighton, advancing to the quarterfinals 3-2 on aggregate.

The reigning Premier League champions, who claimed their first ever league title last season despite being quoted at 5,000/1 to do so before the start of the 2015-16 campaign, join Barcelona, Bayern Munich, Borussia Dortmund, Juventus, Real Madrid, Atletico Madrid and Monaco in the next round.

After their shock 6-1 win over PSG last week, Barcelona are considered the favourites to win the competition, according to the SPI, which will be adjusted after Friday's quarterfinal draw.

Barca have a 32 percent chance to take home the trophy and a 54 percent chance to make it to the final, at Cardiff's Principality Stadium on June 3. Bayern Munich are their most likely opponent, with a 45 percent chance to make the final and a 25 percent chance to win it.

According to SPI, Monaco -- who sensationally beat Manchester City on away goals after their tie ended 6-6 on aggregate -- have a three percent chance of winning this season's competition. Atletico Madrid, beaten finalists twice in the last three years, have a five percent chance.

The bookmakers are also expecting those clubs to meet in the final, with bet365 offering 11/4 for both Barcelona  and Bayern to win the competition as of Wednesday morning.

Leicester appear just as unlikely to triumph in the bookies' eyes, as they are priced at 33/1.

This article has been updated since it was first published on March 15

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