The fact that they are targeting the likes of Paul Pogba, Raheem Sterling and Kevin De Bruyne suggests City have recognised the need to add top quality to the squad this summer, while a potential managerial change could also work in their favour if Jurgen Klopp replaces Manuel Pellegrini.

Arsenal, for their part, have been in superb form since the turn of the year after finding themselves out of the Premier League running by Christmas.

The major question for the Gunners is how they can cope with the genuine pressure of a title race over the full course of the season, and Arsene Wenger’s ability – or lack of – to handle the club’s perpetual injury problems.

Arsenal do, though, look well placed to make a real go of it having graduated from fourth to third the season and reached another FA Cup final after ending their nine-year trophy draught in 2014.

If they can sign a top class goalkeeper such as Petr Cech, a quality defensive midfielder and a marquee striker to improve on Olivier Giroud, Wenger’s side could start next season with the strongest starting XI in the country.

With the £5.14 billion domestic television deal set to start in 2016, clubs are ready to start investing now and the Premier League once again boasts the financial muscle to sign the best players from every club in the world apart from Real Madrid, Barcelona and Bayern Munich.

Liverpool and Tottenham will also invest in their squads and attempt to break into the top four having both wasted tens of millions on sub-par signings since losing their star players to Spanish giants over the last couple of years.

It means that the gap is sure to close between the sides at the summit of the Premier League – and Mourinho faces a real challenge to replicate the back-to-back titles of his first spell as Chelsea manager.