And that form has caught the eye of managers ahead of Friday's 19:00 GMT deadline.
Vardy has a fine record against the north London side.
He has eight goals in his Premier League meetings with Arsenal and scored twice in the corresponding fixture last season.
Sadio Mane (£12.0m) is the form player ahead of Sunday's encounter at Anfield.
He has racked up 32 points in his last three home matches, including two double-digit returns, and his total of 76 points is second only to Vardy's 80.
Mohamad Salah (£12.3m) has struggled for output recently, with only one goal in his last five appearances.
Yet the Egyptian should not be overlooked. No player has bettered his eight shots on target in the last four Gameweeks.
Sterling has been Man City's main threat on the road.
The winger has scored five of his seven goals away from home this season, and he struck in City's UEFA Champions League draw at Atalanta in midweek.
Having featured as a late substitute in Italy, Aguero seems likely to start at Anfield.
He has produced attacking returns in all four of his away appearances in 2019/20.
Ash (@FPLHints): Looking at current form and head-to-head records, it's Vardy for me. He has tended to do very well against Arsenal and is rejuvenated under Brendan Rodgers. Arsenal have been struggling to keep clean sheets and Vardy will be up for it.
Paul Gee (@FPLPaulGee): I've got a feeling many will overlook Liverpool and Man City. Due to their poor defences, I think this will be a goal fest and I'm going with Sterling.
Sam Bonfield (@FPLFamily): I'm going for Harry Kane (£10.8m) again this week. He's recovered from his virus and Sheffield United have conceded 16 big chances away from home this season, the second-worst record in the league.
Ben Crabtree (@FC_CrabDogg): Abraham has a nice fixture but I'm finding it difficult not to go for Vardy. My decision might go to the wire.
Ben McNair (@drbenmcnair): I'm undecided. The bookies' odds suggest Abraham is the best choice but I haven't ruled Sterling or Mane out of my thinking yet, as neither Liverpool nor Man City look as solid defensively as last season.