Liverpool went from not being anywhere near title challenge in 17-18 (4th place, 75 points and 25 behind City) to proper contention in 18-19 (2nd place, 97 points, 1 point behind City). They only added Fabinho, Keita and Allison. Arsenal went from 5th to title challenge last season.
We have many good players. Might not be able to get to 90+ points but we should definitely be aiming for 80+ with a few good transfers, we got 75 last year with what seemed like a weaker team and got 74 points in 20-21 before spending £400m. 80+ might not win you the league in a normal season but if City/Arsenal are having an off year, it could get you close.
I’m not saying I expect us to win the league, I am saying our goal should always be to put ourselves in the best possible position to compete. Our goal should not be to ‘maybe challenge for top 4 if we don’t have any significant injuries’.