With Man City winning their first Champions League title and West Ham earning Conference League glory last season, we are offering odds of 20/1 for English teams to scoop all three European competitions this term.
Premier League sides are currently favourites to win all three tournaments, with Man City, Liverpool and Aston Villa backed to win the Champions League, Europa League and Europa Conference League respectively.
We take a look at the prospects of all seven English participants in Europe this season.
Outright odds - 2/1
After Pep Guardiola's side finally got their hands on a first Champions League title last season after overcoming Inter 1-0 in the final in Istanbul, Man City are the early favourites to win the competition for a second successive time this term.
Winning a historic Treble of trophies last season, City have made a commanding start to their 2023/24 Champions League campaign with back-to-back wins against Crvena zvezda and RB Leipzig in the group stages.
Outright odds - 9/1
Back in the Champions League for the first time in seven seasons after finishing second in the Premier League last term, Arsenal will be aiming to make a big impression on the biggest stage of European club football.
Mikel Arteta's Gunners made an impressive start to their Champions League campaign with a resounding 4-0 win against PSV Eindhoven at the Emirates, but a shock 2-1 defeat away to Lens will have brought the North Londoners back down to Earth.
Outright odds - 40/1
Three-time winners of the Champions League, Man Utd will be aiming to challenge for a fourth crown in the upcoming campaign under Erik ten Hag.
The Red Devils have made a dismal start in Group A, losing their first two matches against Bayern Munich and Galatasaray to face a mountain to climb in order to make it to the knockout rounds.
Outright odds - 20/1
Qualifying for the Champions League for the first time in 20 years, Newcastle will have no time to get back up to speed in the tournament after being drawn alongside European elite in the form of PSG, Dortmund and Milan in their group.
Eddie Howe's men have made a terrific start in such a challenging group, battling to a goalless draw against Milan in the San Siro before toppling PSG 4-1 on a memorable night at St James' Park.
Outright odds - 3/1
Missing out on Champions League qualification for the first time in six years after finishing fifth in the Premier League last term, Liverpool will instead be competing in the Europa League in this campaign.
One of the few trophies Jurgen Klopp is yet to collect during his eight-year tenure at Anfield, the Reds will likely treat the Europa League seriously, although rotation seems likely in the early stages.
Rated as the pre-tournament favourites, Liverpool have won their first two group matches against LASK and Union Saint-Gilloise.
Outright odds - 16/1
Although they will be competing in European competition for the very first time, Brighton are currently rated as second favourites to win the Europa League.
The Seagulls have found life tough at the beginning of their European campaign, however, losing 3-2 at home to AEK Athens in their opening outing before drawing 2-2 away in Marseille.
Outright odds - 20/1
Winners of the Europa Conference League last season, defeating Fiorentina 2-1 in the final in Prague in June, West Ham will be aiming to make it back-to-back European successes in the Europa League under David Moyes in this campaign.
The Hammers already have strong pedigree in the Europa League having reached the semi-finals of the tournament two years ago, and have started strong in the competition this year with successive victories against Backa Topola and SC Freiburg.
Outright odds - 4/1
Competing in Europe for the first time since the 2010-11 season, Aston Villa have been priced up as favourites to win the Europa Conference League.
In Unai Emery, the Villans are led by a manager with an outstanding record in European competitions, having won the Europa League a record four times.
It's not been smooth sailing for Villa in the tournament so far, though, succumbing to a 3-2 away defeat against Legia Warsaw in their first group match before scoring late to claim a 1-0 win at Villa Park against Bosnian Zrinjski.