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The Reds closed in on the title after a win against Leicester City, positioned just three points away from glory.
Arne Slot's team might have clinched the league on Sunday if the Gunners had slipped up at Ipswich Town, but instead, they recorded a 4-0 victory at Portman Road.
If they manage it, the Reds will have the chance to secure the trophy at Anfield against rivals Tottenham on Sunday.
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The outcome could also lead to Arsenal facing the unenviable task of presenting Liverpool with a guard of honor when the two teams clash in Merseyside on May 11.
Back in 2020, Manchester City's Bernardo Silva was spotted refusing to applaud Liverpool onto the field as Pep Guardiola's team gave the Reds a guard of honor following their confirmed title victory.
Liverpool is set to face Chelsea at Stamford Bridge on May 4, followed by Arsenal's visit to Anfield a week later
A journey to Brighton is next on the agenda before the Reds conclude the season with a home game against Crystal Palace, after which they will lift the Premier League trophy.
Liverpool.com says: The title has been heading to Anfield for some time now with Arsenal too far behind
Ideally, the Gunners can win midweek as that would mean Liverpool having the chance to secure the title by beating Spurs next weekend
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