They haven't even received the Premier League trophy for this season's title win yet, and already Liverpool are only 2nd favourites in the betting for the 2020/21 title.
Liverpool 2nd Favourites behind Man City in 2020/21 Premier Leauge Betting
The odds suggest that bookmakers are expecting Manchester City to bounce back, as Pep's team have already been installed as favourites.
That might seem odd with Liverpool currently over 20 points better off than City this season, but I've a few theories why this may be the case.
Liverpool could be Reluctant to Spend
The Reds were favourites to sign Timo Werner from RB Leipzig all season.
This all changed when rumours circulated in early June that Chelsea had agreed personal terms with the young German. A rumour confirmed 2 weeks later when Chelsea announced an agreement to sign Werner.
The story that originally emerged is that Liverpool were reluctant to spend due to the financial uncertainty caused by the Coronavirus Pandemic.
If this policy is true, and continues, then Liverpool could be going into next season with the same squad.
A lot of Liverpool fans might not have a problem with that. But as we've consistently seen in the Premier League, standing still is the equivalent of going backwards.
Man City are Likely to Strengthen
Even with the threat of a Champions League ban, it's pretty inevitable that Manchester City will strengthen this summer.
Central defence has been a constant problem for City all season. Only Aymeric Laporte seems to retain the confidence of Pep Guardiola. As he continually prefers to pick central midfielder Fernandinho, ahead of the likes of Nicolas Otamendi and John Stones.
With David Silva departing, City may well choose to strengthen in the midfield department. They do have the emerging talent of Phil Foden, but with Fernandinho also ageing, I wouldn't be surprised to see new arrivals in the middle of the park.
Replicating this Premier League Season again is almost impossible for Liverpool
It can be easily argued that you could win the Premier League with a worse record than that. A point I completely agree with.
But chances are there will be a slight drop off from Liverpool, and an improvement from Man City.
These are unprecedented times in the Premier League though. In the 2017/18 season, Manchester City got 100 points, and then 98 last season (2018/19).
Liverpool themselves got 97 points last season, and look set to surpass that this year. It could be that for either team to win the title next season, they will have to again pass the 95 points mark.