The Spaniard was speaking in a post-match press conference ahead of the second-round Carabao Cup game against Liverpool. He said the reason for renewing his contract was not because of the UEFA Champions but it was one of the reasons he decided to extend his contract.
Manchester City have won every domestic trophy since the appointment of Guardiola but the have failed to lay their hands of the holy grail. They have been close to winning the UEFA Champions League trophy in the last two seasons, lost the 2020/21 season final to Chelsea and got knocked out by Real Madrid in the semi-finals last season.