And England defender Jags, 30, says that the sixth-placed Merseysiders are happy to go under the radar as people weigh up who will be contenders.
He said: "It is going to be quite wide open.
"The last few seasons the Premier League has gone a little bit crazy with teams finishing almost anywhere.
"The title has been between two or three teams but the Champions League is there for anyone - Tottenham have done it and Newcastle had a crack at it.
"Whether we are underestimated or not, we have not got a very big squad. We don't have that many options on the bench.
"We haven't got the biggest squad, so maybe that is why people are not talking us up.
"But it doesn't bother us. The squad isn't going to get much bigger, so it will be all down to how the manager manages us as the season goes on."