Philippe Coutinho's winner at Anfield on Sunday left Liverpool four wins from glory and City - seven points behind with two games in hand - needing a slip-up from their rivals.
But Dzeko was part of the 2011/12 City side which made up an eight-point deficit in six games to win the title in the dying seconds of the season, and the striker is bracing himself for a similarly close finish come May 11.
He said: "It's too early to say if Sunday's result will decide where the title ends up because we still have six games to play and Liverpool and Chelsea both have four left.
"People talk about pressure and such like, but that doesn't really matter - just who wins the most games between now and the end of the season.
"I firmly believe, like the last time we won the title, that it will go right to the wire."
The first of City's two games in hand is at home to Sunderland on Wednesday, and Dzeko told the club website: "It was an amazing experience to win the title in 2012 but that was then, this is now and everything is different.
"We have a lot of new players and we want to win it again for our fans, the team and the club and we have to get back on track by beating Sunderland and West Brom in the next week."