O’Neill, whose team take on the Reds at Villa Park in the Premiership tomorrow, believes Rafael Benitez’s side will again be capable of challenging for the top prize in this country next season.
“I think you look at the start of next season and, with the squad Liverpool have, and if they get their away form right immediately, they can win the title,” he said.
“They have strengthened their squad considerably and, having had a couple of years to look at Manchester United and Chelsea, they have realised what it takes.”
O’Neill, meanwhile, will check on the fitness of midfielder Shaun Maloney ahead of tomorrow’s clash with the Reds.
Central defender Martin Laursen is again sidelined with a hamstring injury but should be fit to face Everton after the international break.