Governing body had banned City from European competition for two years after ruling they had breached Financial Fair Play (FFP) regulations but City won an appeal last month to have that verdict and sanction overturned.
Cristiano Ronaldo could face his former team Real Madrid in the Champions League quarter-finals as the draw for the rest of the tournament was made on Friday.
The English champions move onto 92 points with three wins from their final four games enough to break Manchester City's record of 100 points from two seasons ago.