"If the signings go through". Better teams all around. Chelsea you can argue both ways. Last season they were shite, the season before they walked the title. The season before they were shite, the season before that they walked the title. A midfield of Jorginho, Kante and Golovin on paper at least looks quality, plus having Hazard and Willian on the wings with Higuain top. I'd say that is on paper stronger and more complete and better balanced then what we can put out. Plus despite how inconsistent they are season to season, they still are much more recent title winners then we are (winning it twice). There are question marks with their goalkeeper position now if Courtois does indeed go to Madrid, but I doubt they'll have a Karius situation like Liverpool last season tbh.
For Liverpool, despite us being better defensively, I think most here would take Alexander-Arnold, robertson and Van Dijk (3 of their back 4). I'd definitely take Naby Keita, and it's hard to argue for any of our 3 most attacking players ahead of theirs based on last season, though Lukaku/Firmino would be a matter of preference/system dependent. No longer having a massive hole at the back if they do sign Allison is a massive boost for them too. Their starting 11, on paper, I'd probably say is better then ours if they do sign Allison.
Don't really think it's all that controversial to say they have better rounded teams. We have a massive hole for our right wing which makes our entire attack lopsided towards someone who looked past it since he signed, and we have everyone on here constantly complaining about our fullbacks and a group of centerbacks with question marks over every single one of them. I do think Mourinho is failing to get the best out of them, so probably a different manager would bring a higher level and make me rate them higher on paper... but looking at the levels they've shown under the current managers in charge (for Chelsea would be just levels they've shown anywhere in the recent past), I'd say we're our starting 11 is 4th.