The Gunners have narrowed the gap to four points behind Arne Slot’s league-leading Reds after securing a 2-1 comeback win against Tottenham at the Emirates on Wednesday.
Liverpool, meanwhile, dropped two points in their match against the impressive Nottingham Forest the day before, although they still maintain a game in hand over their competitors.
Chelsea finds themselves 10 points adrift of Liverpool after experiencing a downturn in form, while reigning champions Manchester City trail by 12 points.
Notably, Nottingham Forest is just two points behind Arsenal, and a resurgent Newcastle is also in contention.
“I don’t think so,” Gunners manager Arteta said when asked if Liverpool and Arsenal were in a straight fight for the title.
“When you look at every game in the Premier League and the margins and how teams are winning football matches, it can go either way.
“In two or three weeks we could be talking about something different. We are still in January so it is going to be a long, long run.”
The victory over Spurs revitalized their quest for a first league title in two decades. “To compete for top trophies with elite teams for eleven months requires…
“If you want to be fighting for the top trophies with the top teams for 11 months, like we have been doing for the last two-and-a-half years, you have to enjoy these moments, circumstances or challenges and the pressure that comes with it because it’s the beauty of it,” said Arteta.
“We are playing to win and that’s exactly where we want to be.”
The 42-year-old Spaniard added: “It’s always important when we are able to win and capitalise on other teams dropping points, firstly because we won, and secondly because for the rest it’s not what they wanted. It has been a good week. But we need many more of those at the moment because of where we are (in the table).”
Arsenal will be without long-term absentees Bukayo Saka and Gabriel Jesus, the latter having sustained a season-ending cruciate ligament injury.
This significant injury to Jesus leaves Kai Havertz as the club’s only recognized forward, prompting Arteta to reaffirm his intention to acquire additional players during the January transfer window.
“We have more necessity now because of what happened in the last few weeks, and that’s obvious,” said Arteta.
“We are trying actively to find the best possible solution. We have to do what we think is right and what we can do as well.”