Steven Gerrard has spoke about Liverpool's hopes of challenging for the Premier League title after the defeat to Arsenal

Steven Gerrard has stated his belief that Liverpool 'shot themselves in the foot' during their defeat to Arsenal in the Premier League. The Reds legend also weighed in on his former club’s chances of competing for the title, stating that they still have a lot of work to do if they want to challenge for the top prize.

Arsenal claimed a 1-0 win over Liverpool at Anfield on Sunday, with Kai Havertz tapping in a close-range effort to complete a move that began after Alisson Becker’s clearance led to the Reds losing possession.

Liverpool now lie in fifth place in the Premier League table and will face Crystal Palace at the weekend in their final match before the November international break gets underway.

Andoni Iraola’s side went into the game against Arsenal having won their previous two Premier League matches against Brentford and Brighton, and will be determined to bounce back when they face Fenerbahce in the Champions League in midweek.

Gerrard has explained what he thought about Liverpool’s performance, adding what he thinks needs to change for the club to challenge for the title, as well as issuing a verdict on Arsenal.

"They [Liverpool] shot themselves in the foot, because there was no need to concede that early goal," Gerrard said on Monday's episode of The Overlap. "But they had the [Alexis] Mac Allister chance to get level, and obviously the penalty incident is big. Alisson makes a save.

"I thought, on the balance of the whole game, 1-0 would have been a fair result, but credit to Arsenal.

"That's how you win leagues, going to places like Liverpool, being strong, sticking together, and putting in a different type of performance, which was full of grit and fight and togetherness, and they got over the line.

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"And they will know that come the end of the season, if they win the league, which I think they will, I haven't changed my mind from the beginning of the season, they will look back at that more than your four or five-nils where they look fantastic, because I'm sure they will at times.

"They'll look at that and think, we went to Anfield, tough crowd to play against, tough Liverpool performance, Andoni Iraola's got this Liverpool team playing an awful lot better, Liverpool played well and we managed to get out of there with three points.

"Could be huge for Arsenal. At this moment in time, nine points behind for Liverpool. So, Liverpool have got work to do if they want to challenge. But this Arsenal team just look as if they can beat teams in different ways. I think that could be the difference."