"I know people are saying it's all over for my old team now and I even heard that the United manager was saying Liverpool are out of the title race because of the Chelsea result," Fowler told the Daily Mirror.
"But I disagree and I think in a strange way it can help them because they will be able to concentrate every single ounce of their energy and concentration on winning the league.
"Let's face it, they need a miracle to win 3-0 at Chelsea and stay in Europe but if they can put the result behind them, then they might even be favourites to win the title.
"You can't underestimate how draining a Champions League campaign can be and if you don't have that distraction, then you're much fitter and fresher.
"If Liverpool are out of Europe they will play once a week in the league and will be able to play their best team every single game - which is a massive advantage.
"United could be involved in Europe, in an FA Cup semi and the title race, and already that is beginning to show in some of their performances.
"They'll have a lot of games to cram in and they already look shattered. It's hard to keep it all together in so many competitions, especially when you're being challenged by rivals who are much fitter, fresher and have more focus."