Graeme Souness says 'half a dozen' clubs can qualify for the top-five and potentially Champions League football after Manchester City's European ban.
The champions were handed a two-year suspension from the Champions League by UEFA on Friday for violation of financial fair play rules - City have said they will appeal the verdict in the Court of Arbitration for Sport.
Given City's current position of second in the Premier League, it could mean fifth place qualifies for the Champions League and former Liverpool captain Souness believes although teams won't change their approach due to the verdict, European football is still very much up for grabs.
Speaking on Sky Sports, Souness said: ‘Half a dozen clubs will think they can finish fifth.
'There’s only one position confirmed and that’s Liverpool. You want to play in the Champions League and compete against the best players.
'At this stage of the season everything is very much up to play for. Regardless of City, they [other clubs] will think they could have a great end to the season.'
Former Brighton and Newcastle manager Chris Hughton agreed with Souness' sentiment.
‘I don’t think they’ll [other clubs] consciously be thinking about it,' Hughton said.
'Wolves, Sheffield United and Everton are on a fabulous run. They’ll be thinking about having a good end to the season, but for the chairman and owners of the club – it may cross their mind.'
Sheffield United, who were promoted from the Championship, currently occupy fifth spot in the Premier League table, while Chelsea are in fourth.