In my opinion, the teams that will fight for the title are:
1 - Liverpool
2 - Chelsea
3 - Arsenal
4 - Manchester City
Chelsea has improved a lot, and they're a team that's improving with each game, so I wouldn't be surprised if they manage to win the league. I'm not a Chelsea fan, but I admit they're a strong contender, better than Arsenal and Manchester City on paper. We'll see on the field, but if I had to choose just two teams with the best chance of winning the Premier League, I'd choose Chelsea and Liverpool. Manchester City hasn't yet managed to regain its strength.
Totally agree with your team predicting who will fight for tittle race season 2024-25 based on current transfer activities, Liverpool, Chelsea, Arsenal and Manchester City have already spent a lot of money to sign several potential players. Next season, Premier League tittle race very competitive how fourth teams above have solid teams between regular and players at the bench, Chelsea on confidence performance after winning FIFA Club World Cup and not doubt put at the second number as favorable team for Premier League winner next season.
Sadly for Manchester United many fans doubt favorable for winning tittle, in this season finish two position above from relegation team and have advantage for next season not participants at European tournament.