They dominated Real and City. They are playing well at the moment playing like champions.
I know, but those two teams are struggling right now, and Liverpool don't have a title winning squad, just like they didn't have one last season. But this season they're likely to come closer than last season.
However:
All 4 of their best players still have uncertain futures at the club and it's December. Salah, van Dijk, Trent, Alisson.
Alisson is injury prone. Kelleher is a good number 2 but not someone who can start for a team that wins the PL with 90+ pts and wins the CL too.
Konaté + van Dijk is a title winning level pairing but the drop-off is big if one of them is unavailable.
Robertson has started declining at LB and Tsimikas is not a good enough alternative either.
Gravenberch has done well as a makeshift #6 but once again, there are just way better DMs in the league and across Europe.
Szoboszlai is a good #10 but once again, not on the level of a nailed-on starter for a title winning side. That's KDB/Bruno level, he's not there.
Mac Allister is a solid player, a jack of all trades but master of none. Once again, not someone you can play for 50+ games in a season and still expect to win one of the two major trophies. He can be an important player for such a team, but not a nailed-on starter.
Same situation in the forward line IMO. Gakpo and Díaz are pretty good, but only Salah is on that level that's worthy of being a starter for a top 3 team in the world. Núnez could be that guy up front, but he's not first choice under Slot and I reckon him and Salah would take some goals away from each other even if he became first choice.
They would need a lot of luck even from their current position in order to win the PL. They needed Zubimendi plus at least 1-2 more top level signings in order to have a real chance IMO. This team is getting carried by Alisson, Trent, van Dijk, and Salah. The rest is good but not title-winning quality. I expect them to go on a bad streak whilst Arsenal, and maybe even City go on a good run which will make it a two or three-horse race again, with Liverpool losing out in the end.
Slot is an excellent manager, though, but he needed more backing in the summer and it will come back to bite them IMO.