The Blues currently sit at the summit of the table, six points ahead of Liverpool and Arsenal.
Manchester City find themselves in fourth with Tottenham and Manchester United in fifth and sixth respectively.
Antonio Conte’s Chelsea are on fire this campaign and have won 10 games on the spin, conceding just two goals in that period.
“I think Chelsea are favourites. Sometimes they don’t play well but win 1-0 – and that’s the sign of champions”
John Barnes on Chelsea’s title chances
And Liverpool hero Barnes says the Blues are already showing signs of champions midway through the season.
“For me, Chelsea are the favourites,” Barnes told the Sport Review.
“Of course, they haven’t got European football, so week in, week out they can concentrate on the league.
“But football can change. Manchester City were the favourites [at the start of the season] but their adaptation to Pep Guardiola will take time.
“They have to get the right players in – at the moment I don’t think they’ve got the right personnel for what he wants.
“Manchester City will be stronger next year but I think they’ll be in the top two this season.
“I think Chelsea are favourites. Sometimes they don’t play well but win 1-0 – and that’s the sign of champions.”