The departures of established figures such as John Stones, Bernardo Silva, and Nathan Ake, coupled with Rodri's potential switch to Barcelona, could hand the reigning champions a decisive edge.
Laying out his top-flight predictions, Smith explained: "I've got to go for Arsenal winning it again; let's hope. Then City. Manchester United, they finished third last year, and I think they're going to be better off this year.
"[Michael] Carrick is getting his feet under the table, so maybe Man United third, Liverpool fourth, and Chelsea perhaps having a much better season than they did last time under [Xabi] Alonso. They have made some good signings, so I'd see that as the top five, then that sixth spot I'd say Aston Villa are favourites."