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UEFA assigns a coefficient to clubs based on their performances in European club competitions - the Champions League, Europa League and Europa Conference League - over a five-year period.
The coefficient is calculated by awarding points to clubs in the three aforementioned UEFA club competitions. For instance, every match win from the group stage onwards carries two points; a draw is worth one point, and so on.
Additional points are awarded to group winners and group runners-up, and for each round a club reaches beyond the Round of 16.
A club's five-year coefficient is the higher of the sum of points aggregated in UEFA club competitions in the previous five seasons or 20% of its association's five-season association coefficient.
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On that note, here is a look at the top ten clubs in ascending order as per UEFA's five-season ranking after MD1 of the Champions League and Europa League:
#10 Manchester United - 91 points
Manchester United have been regulars in the UEFA Champions League, failing to qualify for the competition only twice this century.
In the two years they failed to qualify for the blue-riband competition of European club football, United made deep runs in the UEFA Europa League. They won the latter competition in 2016-17 and reached the semi-finals three years later.
Last season, United started their European sojourn in the UEFA Champions League. But they ended their campaign in the UEFA Europa League, losing to Villarreal on penalties in the final.
United kicked off their European campaign this season with a defeat at Swiss club Young Boys in their UEFA Champions League opener.
#9 Atletico Madrid - 91 points
Atletico Madrid have been regulars in the UEFA Champions League for almost a decade now. They have reached two finals in the competition, losing both times to Real Madrid, during this period.
The Rojiblancos have progressed beyond the group stage in all but one of their last nine UEFA Champions League campaigns. The only time they didn't do so (2016-17), they won the UEFA Europa League, beating Marseille.
Last season, Diego Simeone's men faced a surprise elimination against Leipzig. The La Liga holders were held to a goalless draw by Porto earlier this campaign before they racked up their first win of the season at AC Milan.
Note: Atletico's Milan win is not included in their points tally.
#8 Juventus - 93 points
Juventus have been UEFA Champions League regulars since 2012-13, reaching at least the Round of 16. The former champions have reached two finals during this period, but came up short on each occasion.
The record Serie A champions have failed to get past the Round of 16 in their last two appearances in the competition. Last year, Juventus were knocked out at this stage of the UEFA Champions League by Porto on away goals.
The Bianconeri opened their campaign in the UEFA Champions League with a win over Malmo this season.
#7 PSG - 98 points
Like Juventus, PSG have been regulars in the UEFA Champions League since the 2012-13 season, making at least the Round of 16.
The Ligue 1 giants have been a force to be reckoned with in Europe, especially in the last few seasons. In 2019-20, PSG were denied a continental quadruple when Bayern Munich beat them by a solitary goal in the final.
Last season, PSG eliminated the holders in the quarter-finals, but couldn't get past Manchester City in the last four. This year, they started their UEFA Champions League campaign with a draw at Club Brugges. PSG returned to winning ways with a home win over City on Matchday 2.
Note: PSG's City win is not included in their points tally.
#6 Real Madrid - 100 points
Real Madrid have been regulars in the UEFA Champions League since the 1997-98 season.
The record 13-time champions have won the competition seven times in the Champions League era. Madrid have never endured group-stage elimination in the competition's current format.
The Merengues are the only team to do a three-peat in the UEFA Champions League era, winning three in a row between 2016 and 2018. After consecutive Round-of-16 exits, Madrid reached the Champions League semi-finals last season. But they were eliminated by eventual winners Chelsea.
This season, Carlo Ancelotti's men launched their campaign with a 1-0 win at Inter Milan. But Madrid were stunned by competition debutants Sheriff on Matchday 2.
#5 Barcelona - 103 points
Barcelona are one of the most consistent teams in the UEFA Champions League, especially since the turn of the century. The Blaugrana have failed to qualify for the competition only twice in the last decade.
The four-time champions have been the epitome of consistency in the competition. Their Round-of-16 defeat to PSG last season marked their earliest exit in the Champions League since 2006-07.
Barcelona have commenced their latest Champions League campaign on the wrong note. The Blaugrana were humbled 0-3 at home by Bayern Munich.
#4 Chelsea - 104 points
Chelsea haven't been the most consistent of teams in the Champions League, especially in the last few years.
However, the Blues are high up on this list, as they won the competition for only the second time last season. Chelsea have failed to qualify for the Champions League twice in the last five years. They made the Round of 16 in their three other appearances during this period.
The holders have started their 2021-22 Champions League campaign on a winning note, beating Zenit St. Petersburg at home.
#3 Liverpool - 107 points
Like Chelsea, Liverpool haven't been the most consistent of teams in the UEFA Champions League, especially in the last few years. But the Reds are high up on this list, as they made two Champions League finals in the last four years, winning the second one.
The Reds won their sixth title in the competition in 2018-19, beating Tottenham Hotspur in the final. Before 2017-18, Jurgen Klopp's men had appeared in the competition just once in the previous seven years.
Last season, Liverpool were eliminated by Real Madrid in the quarter-finals. This season, the Reds commenced their Champions League campaign with a 3-2 win over AC Milan. In their second game, they triumphed 5-2 at Porto.
Note: Liverpool's Porto win is not included in their points tally.
#2 Manchester City - 119 points
Manchester City have been regulars in the UEFA Champions League since 2012-13. The Cityzens have reached the competition's quarter-finals at least five times in the last six years.
Last season, Pep Guardiola's men were denied their first Champions League title by Chelsea; City went down by a solitary goal in the final.
The reigning Premier League winners launched their 2021-22 campaign in the competition with a resounding 6-3 home win over Leipzig. But they lost 2-0 at PSG in their second match.
#1 Bayern Munich - 118 points
Bayern Munich have been the most consistent team in the Champions League in the last few years. In their last ten appearances in the competition, the Bavarian giants have made at least the quarter-finals on eight occasions.
In 2019-20, they beat PSG by a solitary goal in the final to become only the second team to win multiple continental trebles. Last season, the holders were knocked out by PSG in the quarter-finals.
Bayern have started their latest campaign in the competition like a house on fire, winning 3-0 at Barcelona.
The Bavarian giants welcome Dynamo Kyiv to Munich on Matchday 2.
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