Speaking on talkSPORT, ex-Liverpool star turned expert pundit Carragher said: “A big thing for Chelsea and Liverpool, an advantage for them, is no European football.
“It might be a bit much for Liverpool going for the title, but they will certainly be looking at the top four.
“Chelsea always have their sights on the title and it depends on who comes in. But it will be a big advantage for Chelsea and Liverpool having no European football.”
Carragher believes his club Liverpool could be set for an exciting season.
Jurgen Klopp led the Merseysiders to the finals of Capital One Cup and Europa League after replacing Brendan Rodgers in October, and Carragher is looking forward to seeing how the German fares in his first full Premier League campaign.
“We have seen the impact he has brought to the club, two cup finals in his first season after less than a year there – and that is with Brendan Rodgers’ team,” he said.
“I’m sure there are things he wants to change and the great thing about coming in mid-season as a manager is it gives you that time to assess the players, rather than coming in over the summer and making rash decisions.
“I’m sure over the last six months he has assessed everyone and now is making his moves in the transfer market. He has already signed a goalkeeper [Loris Karius] and I am sure that is the first of many.”