However, Arshavin still expects the Merseysiders to qualify for next season's Champions League competition.
"They are a strong team," Arshavin told the Daily Mail.
"(Fernando) Torres is back in full training. I think that if they win two or three games over the big clubs, they'll become favorites again. Probably, it will be extremely difficult for them to take first place, but I think that they will certainly fight for a place in the top three.
"They are going to play many games at their home stadium, where the fans will only drive them forward. Therefore, it is good that we are coming back to London from this stadium with three points."