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Arne Slot and his team came close, but the Premier League title remains just out of reach for Liverpool.
The Reds would have been crowned champions if Crystal Palace had defeated Arsenal on Wednesday.
However, a 2-2 draw between the Gunners and Palace means that Liverpool's celebrations will have to wait.
The draw leaves a 12-point gap between Arsenal and Liverpool with only four games left.
Liverpool, having played one less game, could still secure the title by the end of the weekend if they maintain their usual form at Anfield.
Just one more point is needed for Slot's men to cross the finish line.
A draw or a win in Sunday's crucial match against Tottenham would secure them their 20th domestic title.
Arsenal's upcoming Champions League semi-final clash with Paris Saint-Germain means they won't be playing another domestic match this month.
A repeat performance on Sunday would certainly be welcomed.
Even if Liverpool don't clinch the title this weekend, it would require a significant collapse for Arsenal to claim their first domestic title in over two decades, especially as the number of remaining games dwindles.
Should they fail to overcome Spurs, the Reds will still have four more chances to get the job done, with matches against Chelsea, Arsenal, Brighton and Crystal Palace still on the horizon.
As for the Gunners, they may yet face a battle to claim second spot, but boss Mikel Arteta is adamant they won't be distracted by the looming Champions League semi-final and will continue to treat their league commitments with the utmost seriousness.
"All we can do is delay that moment and from our side earn the right to finish as high as possible," Arteta said after the victory against Ipswich.
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