Leicester City currently lead the way at the top of the table on 66 points, five points ahead of Tottenham Hotspur in second with Arsenal a further six points back in third.
With only seven games remaining [eight for Arsenal], the chances of the Gunners making up ground on their rivals are now extremely slim especially with tricky away games still to play.
Sheringham, however, envisages plenty of twists and turns yet and concedes Arsenal still have a chance.
“They (Arsenal) have been there before, they know what it takes. For Leicester and Spurs, this is new territory. The closer the end of the season comes, the more nerve will be a factor,” Sheringham explained.
“Experience is key in this situation - and that is why I would not rule Arsenal out of contention. They have won the title and know all about the pressure. And they are still up there, despite numerous injuries.”
In a season where the usual suspects Chelsea, Manchester City, Liverpool and Manchester United have all faltered, many suggest Arsenal will not have a better chance to win their first title in 12 years.
However, inconsistency has played a big part in their title bid and the club have dropped so many points against the likes of Swansea City, West Bromwich Albion, Southampton and Norwich City.
Arsene Wenger’s side need to win all of their remaining games to stand a chance, and with away games against West Ham United and Manchester City still to come that is an extremely big ask.