Neville likens the title race to a marathon that has ups and downs in the process.
Former Manchester United defender Gary Neville has said there remains a long way to go as far as the Premier League race is concerned.
After enjoying a gap of eight points for some time ahead of Manchester City, Arsenal have dropped points – from 2-2, consecutive draws at Liverpool and West Ham United – and the gap is now just four points.
Meanwhile, City enjoy a game in hand as they pursue Arsenal in the race.
"It's no doubt it's a wobble, but there's still a long way to go," Neville said, as quoted by Sky Sports. "Eight games to go is still a fifth of this league. People were telling me we were on a run-in 8-10 weeks ago. That Arsenal were nearly there. Nonsense.
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The 21-year-old failed to score from the spot as the Gunners dropped more points.
"In a marathon, you're always going to have difficult moments, you're going to have ups and downs, you're going to have injuries, you're going to miss penalties, you're going to have your goalkeeper maybe letting in one that he shouldn't do.
A win against Southampton in the next game, according to the eight-time Premier League winner, will land a psychological blow on City. Neville advises the Gunners not to make a mistake in that game.
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The Citizens are six points below Arsenal but have a game in hand.
"But they just need to recover for Friday night," he added.
"Take a single game at a time, get seven points in front, and Man City, as much as they are a powerhouse and striding forward, it's still a daunting task when you look at a team, even with two games in hand and you've got to play against them, it's still not nice to look at the table and see you're seven points behind."