Manchester City, Arsenal and Leicester City currently make up the top three.
City began the campaign with five straight wins and a 100% clean sheet record, prompting many pundits and observers to suggest that they would run away with the league.
However, only five wins in their ensuing 11 games has seen both Arsenal and Leicester City overtake them, the latter being the biggest surprise as they top the table heading in to the festive period.
Sterling nonetheless remains confident in his side’s prospects, answering City when quizzed by reporters on the favourites to be crowned champions come next May.
“Man City. I know I'm going to be biased, but I think we have the team to top it at the end of the season, most definitely,” the former Liverpool winger said.
Sky Bet’s odds reflect Sterling’s comments, with City placed as favourites at 5/4 though there isn’t much between them and their nearest challengers Arsenal - the Gunners placing at 11/8.
Manuel Pellegrini’s men travel to North London on Monday in order to take on Arsenal, a game which could play a pivotal role in things to come.
The Citizens can count on vast experience when it comes to winning the title, having won it twice in the past four seasons and they boast plenty of quality in squad depth.
However, results have already proven this season how bizarre the league is this year and without City’s better players fit and firing, they could find themselves playing catch-up to both Arsenal and Leicester.