The Reds headed into the game boasting a 100% record and no goals conceded thanks to consecutive 1-0 victories over Stoke City and newly-promoted Bournemouth.
In previous games, the Anfield side have been somewhat lacklustre and too measured, yet against the Gunners they played with an abundance of energy with Philippe Coutinho in particular outstanding.
Chances were aplenty at both ends but had it not been for two superb saves from home goalkeeper Petr Cech, Brendan Rodgers’ side may well have been celebrating the three points.
Nevertheless, Liverpool's performance was the most encouraging aspect of their evening and former player Michael Owen felt it was by far their best of the season to date, despite the two previous games seeing 1-0 wins over Stoke City and Bournemouth.
Best performance of the season so far from Liverpool. Arsenal yet to hit top form but a draw was probably a fair ... https://t.co/OgSN7ce77l— michael owen (@themichaelowen) August 24, 2015
He wrote: "Best performance of the season so far from Liverpool. Arsenal yet to hit top form but a draw was probably a fair result."
Arsenal, on the other hand, were sloppy in possession during the first-half and Olivier Giroud’s inability to drop deep meant there was no out ball, prompting plenty of risky passes out from the back.
Calum Chambers and Hector Bellerin were both guilty of some wayward passing, and but for a bit more prolificacy in-front of goal, they could have been severely punished.
As it happened, the Gunners found themselves level going into half-time and came out for the second period much better, playing higher up the pitch and with more intensity.
In the end, it was Arsene Wenger’s side who may feel they had the chances to win it and while not firing on all cylinders, there is enough quality there to mount a serious title push despite the doubts.