The Reds moved to the top of the table and two points clear of second-placed Chelsea after an impressive 4-0 victory over Tottenham Hotspur at Anfield on Sunday.
Brendan Rodgers’s men still have to face title rivals Chelsea and Manchester City at home in April which could well decide the destination of the title.
Former Liverpool midfielder Redknapp hailed the Reds’s turnaround after a seventh-place finish last season, and the 39-year-old would love to see a side packed with English talent triumph.
“Last year they were 28 points off the title and now they lead by two,” Redknapp wrote in the Daily Mail. “That is an incredible turnaround.
“Glen Johnson said it would be good for neutrals if Liverpool won the title, but it would be great for English football full stop. They play such fantastic football with a British manager and Sunday had six Englishmen in their starting XI.”
On Sunday, Reds full-back Glen Johnson stated that Liverpool are capable of staying at the top of the Premier League table for the remainder of the season.
“Any team who is top of the league at this stage deserves to be there,” Johnson told the ECHO.
“This is a difficult league with a lot of tough games but I think we can stay there.
“This is a fantastic club. Everyone involved here loves it and wants to win the league badly. We want to get the club back where it should be.
“Playing in the best league in the world, the hardest thing is to go game by game.”
MORE: Man United latest news
MORE: Arsenal latest news
MORE: Chelsea latest news
MORE: Liverpool latest news