UEFA president Aleksander Ceferin claims it would "not be a problem" if Manchester City won the Champions League this season despite the club's two-year European ban.
City have been suspended from the Champions League and Europa League for the next two years by UEFA after being found guilty of breaching the European governing body's Financial Fair Play regulations.
City deny any wrongdoing and are appealing against the judgement to the Court of Arbitration for Sport.
That has created the potentially embarrassing situation of City lifting the Champions League trophy in the Istanbul final while their legal battle is ongoing.
Pep Guardiola's side beat Real Madrid 2-1 in Spain in the last-16 first leg to put themselves in pole position for a quarter-final berth.
But Ceferin said the Premier League champions are still an "asset" to the European game despite their off-field issues and insisted there would be no red faces at UEFA if they win the tournament.