CHELSEA
Manager: Jose Mourinho (POR)
2014-15 position: champions; FA Cup: fourth round; League Cup: winners; Champions League: last 16
Transfers in: Asmir Begovic (Stoke, £8million), Nathan (Atletico Paranaense/BRA, £3m), Danilo Pantic (Partizan Belgrade/SRB, £1.2m), Radamel Falcao (Monaco/FRA, Loan)
Transfers out: Filipe Luis (Atletico Madrid/ESP, £16m), Petr Cech (Arsenal, £10m), Josh McEachran (Brentford, £750,000), Gael Kakuta (Sevilla/ESP, Undisclosed), Didier Drogba (Montreal Impact/CAN, Free), Christian Atsu (Bournemouth, Loan), Mario Pasalic (Monaco/FRA, Loan), Izzy Brown (Vitesse Arnhem/NED, Loan), Lewis Baker (Vitesse Arnhem/NED, Loan), Marco van Ginkel (Stoke, Loan), Tomas Kalas (Middlesbrough, Loan), Patrick Bamford (Crystal Palace, Loan), Danilo Pantic (Vitesse Arnhem/NED Loan), Dominic Solanke (Vitesse Arnhem/NED, Loan)
- Led by a serial winner in Jose Mourinho and bolstered by last season's Premier League and League Cup triumphs, Chelsea look a good bet to live up to their billing as the bookmakers' favourites to retain the title.
The Blues would also dearly love to mount a stronger challenge for the Champions League after a frustrating last 16 exit against Paris Saint Germain last term.
But with Diego Costa's fitness still a major concern as the Spain striker battles a recurring hamstring problem, there is no room for complacency and Mourinho must get the best out of Radamel Falcao, the Colombian he signed from Monaco despite a miserable loan spell with Manchester United, if Chelsea are to emulate the blistering start they made 12 months ago.
MANCHESTER CITY
Manager: Manuel Pellegrini (CHI)
2014-15 position: runners-up; FA Cup: fourth round; League Cup: fourth round; Champions League: last 16
Transfers in: Raheem Sterling (Liverpool, £44m), Fabian Delph (Aston Villa, £8m), Enes Unal (Bursaspor/TUR, £2m), David Faupala (Lens/FRA, Undisclosed), Patrick Roberts (Fulham, Undisclosed)
Transfers out: Alvaro Negredo (Valencia/ESP, £19m), Karim Rekik (Marseille/FRA, £3m), Scott Sinclair (Aston Villa, £2.5m), Dedryck Boyata (Celtic/SCO, £1.5m), James Milner (Liverpool, Free), Micah Richards (Aston Villa, Free), Joe Nuttall (Aberdeen/SCO, Free), Angelino (New York City/USA, Loan)
- Finishing as Premier League runners-up would be a worthy achievement for most top-flight clubs, but for a team of City's vast wealth and huge ambitions, trailing in eight points behind Chelsea and once again failing to make the latter stages of the Champions League added up to a major disappointment.
Despite speculation that City's underachievement would cost boss Manuel Pellegrini his job, the Chilean has been granted a chance to make amends and once again expectations will be sky high at Eastlands after the arrivals of Raheem Sterling and Fabian Delph -- two dynamic English talents with the ability to add pace and power to a team that looked increasingly sluggish last season.
ARSENAL
Manager: Arsene Wenger (FRA)
2014-15 position: third; FA Cup: winners; League Cup: third round; Champions League: last 16
Transfers in: Petr Cech (Chelsea, £10 million), Jeff Reine-Adelaide (Lens/FRA, Undisclosed)
Transfers out: Lukas Podolski (Galatasaray/TUR, £1.8m), Ryo Miyaichi (St Pauli/GER, Free) Semi Ajayi (Cardiff, Free), Abou Diaby (Marseille/FRA) Free), Brandon Ormonde-Ottewill (Swindon, Free), Ainsley Maitland-Niles (Ipswich, Loan), Carl Jenkinson (West Ham, Loan), Wojciech Szczesny (Roma/ITA, Loan), Chuba Akpom (Hull, Loan)
- A strong finish in the Premier League, combined with a swashbuckling FA Cup final rout of Aston Villa, has created a belief among Arsene Wenger's players that they are ready to end the club's 12-year wait to be crowned English champions.
A tenacious Community Shield victory over Chelsea provided further proof the Gunners shouldn't feel inferior to their title rivals and with Czech goalkeeper Petr Cech lured from Chelsea to fill the one obvious hole in Wenger's squad, Arsenal at last have the look of a serious contender for the crown. Now all they have to do is finally turn their potential in prizes.
MANCHESTER UNITED
Manager: Louis van Gaal (NED)
2014-15 position: fourth; FA Cup: quarter-finals; League Cup: second round; Champions League: Did not qualify
Transfers in: Memphis Depay (PSV Eindhoven/NED, £25m), Morgan Schneiderlin (Southampton, £25m), Matteo Darmian (Torino/ITA, £12.7m) Bastian Schweinsteiger (Bayern Munich/GER, £14.4m), Sergio Romero (Sampdoria/ITA, Free)
Transfers out: Angel Di Maria (Paris Saint Germain/FRA, £44.3m), Nani (Fenerbahce/TUR, £4.2m), Robin van Persie (Fenerbahce/TUR, £3.8m), Angelo Henriquez (Dynamo Zagreb/CRO, £1.2m), Rafael da Silva (Lyon/FRA, £2.5m), Saidy Janko (Celtic/SCO, Undisclosed), Tom Cleverley (Everton, Free), Ben Amos (Bolton, Free) Tom Thorpe (Rotherham, Free), Will Keane (Preston, Loan)
- Although United's qualification for the Champions League ensured Louis van Gaal achieved the minimum requirement of his first season at Old Trafford, finishing 17 points behind Chelsea wasn't good enough for the Dutch coach, who has embarked on a major overhaul of his squad as he aims to challenge for the title in year two.
Angel Di Maria and Robin van Persie were axed after failing to live up to expectations, while van Gaal splashed out nearly £80 million on four new faces, with Memphis Depay expected to prove a vibrant presence on the flanks and Bastian Schweinsteiger and Morgan Schneiderlin much-needed additions to a midfield low on style and substance.
LIVERPOOL
Manager: Brendan Rodgers (NIR)
2014-15 position: sixth; FA Cup: semi-finals; League Cup: semi-finals; Champions League: group stage
Transfers in: Christian Benteke (Aston Villa, £32.5m), Roberto Firmino (Hoffenheim/GER, £29m), Nathaniel Clyne (Southampton, £12.5m), Joe Gomez (Charlton, £3.5m), Danny Ings (Burnley, Tribunal to decide fee), James Milner (Manchester City, Free), Adam Bogdan (Bolton, Free)
Transfers out: Raheem Sterling (Manchester City, £44m), Iago Aspas (Celta Vigo/ESP, £3.5m), Rickie Lambert (West Brom, £3m), Sebastian Coates (Sunderland, £2m), Steven Gerrard (Los Angeles Galaxy/USA, Free), Glen Johnson (Stoke, Free), Stephen Sama (Stuttgart/GER, Free), Jordan Lussey (Bolton, Free), Brad Jones (Released), Andre Wisdom (Norwich, Loan)
- Steven Gerrard's departure signalled the end of era at Anfield, but it was the limp nature of the Liverpool icon's farewell that resonated most powerfully with Reds boss Brendan Rodgers.
Easily beaten by Crystal Palace and then hammered 6-1 at Stoke in Gerrard's last two matches, it was all too clear why Liverpool lagged eight points behind the top four and failed to make it out of the Champions League group stages.
Rodgers has been quick to take action as he seeks the first trophy of his four-year reign and, once the decision had been taken to bow to Raheem Sterling's desire to join Manchester City, he brought in a host of new signings, the most important of which is likely to be the powerful Belgium striker Christian Benteke.