Pep Guardiola says he has "no regrets" about his first season in England, even though his Manchester City side face the prospect of failing to qualify for the Champions League.

Guardiola is set to finish a campaign without a trophy for the first time in a managerial career dating back to 2008 after City were beaten by Arsenal in the FA Cup semifinals last Sunday.

City will cede fourth place to Manchester United if they lose Thursday's derby, but Guardiola said he will be prepared for a Europa League campaign if his side finish outside the top four.

"I think we'll be able to qualify for the Champions League. But if we are not able to, we are going to adapt and play the Europa League," he told reporters at the City training centre in Manchester.

"I am optimistic. I am so proud of my players and what we are doing and even how we played the last game at Wembley.

"I don't have regrets. I don't have complaints. We're going to see. At the end of the season –- in my last press conference –- I will explain my feelings if we are in or out (of the Champions League).

"If you analyse the trophies, how many were we able to win this year? Zero. It's easy to analyse.

"It's simple like that. If you analyse by how many titles whether it was good or not good, then the season was not good."

Guardiola indicated that his team have not developed as well as he would have liked this season, pointing to a profligacy in front of goal and a tendency to concede at their own end even when dominating games.