Former Liverpool defender Mark Lawrenson believes the club can overtake Arsenal and claim fourth place in the Barclays Premier League next term.
The Gunners claimed the final Champions League qualifying spot last season, but the BBC pundit believes their time in the elite European competition could be coming to an end.
Lawrenson's view point is based largely on Kenny Dalglish's big summer of spending, adding further reinforcements throughout the transfer window following the arrival of Luis Suarez and Andy Carroll back in January.
Charlie Adam, Jordan Henderson and Stewart Downing have been added to the ranks, and Lawrenson says: “Liverpool have got a great chance. The business they’ve done since January has been absolutely massive.
“Dalglish has brought in top quality players like Carroll, Suarez, Adam, Downing and Henderson and with the sales of Torres and Babel, the whole thing has only cost them £40 million," said the former defender. “Five players for £40m? That’s great business in anybody’s eyes.
“With Suarez having such a great Copa America, bringing him in for the price they got him at and selling Torres was massive. However, I think some of the supporters may have got carried away – I can’t see Liverpool winning the league. They will probably be nearer fourth than first."
Lawrenson struggled to see past arch-rivals Manchester United in the race for the title, whilst Roberto Mancini's Manchester City have also been tipped to beat Chelsea into second by the former Republic of Ireland international.
“I think Manchester United will win it, then City, Chelsea and then I’m going to say Liverpool in fourth."
Dalglish has overseen a remarkable change in fortunes at Anfield after replacing Roy Hodgson at the helm in January, but defeat to Tottenham Hotspur on the penultimate game of the season ended their Europa League hopes.
“I think with Arsenal there’s too much predictability around the likes of Nasri and Fabregas. In terms of experience, they have also got no centre halves or a goalkeeper and other than Fabregas, no leader. That’s why they fell apart last season." he continued.
“Most crucial will be their involvement in Europe, which Liverpool don’t have. This will be big for Dalglish’s team at the business end of the season, with no travelling all over the continent or playing on Thursday nights. From that point of view, I think Liverpool might just do Arsenal."