Arsenal sit five-points clear of City at the top of the table as both sides prepare to resume league duties after Christmas.
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By the time Pep Guardiola's side travel to Leeds on December 27, Arsenal could be eight-points clear of the reigning champions, should they see off West Ham on Boxing Day.
City are still the bookies favourites to land a third-straight title but Arsenal have been in relentless form and the 3-1 defeat at Manchester United in September still remains their only blemish.
Clichy, who played for both teams, admits the two sides both have strong cases to win the title, but is backing Arsenal to end their 19-year title drought.
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"City are really strong overall because they've been there for so long now it's been ten years since they've been consistent so you can't just put them out but I think Arsenal have got a great chance," Clichy exclusively told talkSPORT.
"You know the next few weeks are gonna be really important and if there's a team that can really challenge City this year, it's them.
"They are doing everything impeccably since the beginning of the season and I really hope they can go all the way because it's a club that deserves and a manager that deserves to bring success to this team."
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The two sides have yet to meet this season after their October meeting was postponed to accommodate Arsenal's Europa League clash against PSV Eindhoven.
The two-head-to-head games are likely to go some way to determining the destination of this season's title with City heading to the Emirates in February and Arsenal travelling to the Etihad Stadium in late April.
But before then, Mikel Arteta's side face a huge test of their title credentials when they face off against Newcastle, Tottenham and Manchester United all in the month of January and without injured striker Gabriel Jesus.
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