There is nothing difficult for Arne Slot to develop the strength of Liverpool quality performance. Currently, Liverpool has inherited from Klopp which is already very perfect and Arne Slot only needs a little improvement in some of Liverpool playing styles which are still a little bad, such as the defense line which looked a little weak last season. Now we can see for ourselves that Liverpool line-up is very good and does not lose their mainstay player Mohamed Salah and he is one of Liverpool best finishers and the new coach needs a little time to understand all the skills of the players. Maybe, Arne Slot will not be in a hurry, he will only improve slowly as long as the team management is willing to give a chance in the future, Liverpool will be a strong team like a few seasons ago.
I don't think so, if Arne Slot is stay with the current squad without add few new players, Liverpool will not going anywhere, they will either stuck in second position or lower. Picking new players from the Academy is good, but they will not able to compete with big teams, they need to sign players in prime age like 25-30 years old.
This season, either Manchester City or Arsenal will become champion, Liverpool has no chance.
The percentage is small for a new coach to be able to provide better, especially since the competition in the Premier League is quite competitive, so I doubt Arne Slot can make Liverpool better than last season in Arne Slot's first season, especially if he doesn't make many changes to this team.
Indeed, in some pre-seasons Liverpool looked quite good, but that does not guarantee that it can continue for a full season later, maybe Arne Slot has not felt the real test, I'm sure he will feel it in the competition next season.
Man City and Arsenal are quite strong, so of course these two teams are still favored to be able to win the Premier League title next season, if there are no big surprises.