The Citizens secured their first silverware of the season by beating Liverpool on penalties in the League Cup Final on Sunday, and face the very same opponents in an EPL match-up on Wednesday, as they sit nine points off leaders Leicester City.
Yet with 12 matches still left to play, and having grabbed the title from the jaws of defeat in the past, Zabaleta is confident his side can still take the trophy this season.
"There are still 36 points to play for in the Premier League, which is a lot of games," Zabaleta said, as quoted by the Manchester Evening News.
"We were in this situation before, a few years ago. When we won the league that we were about eight points behind the leaders, and we still have a game in hand.
"It's time now to focus on the Premier League and try to win on Wednesday.
"We are Manchester City, we have talent and big players to try to recover those points that we lost against Leicester and Spurs. They both won their games this weekend, and are two good teams.
"We cannot forget Arsenal, and United have won so they're just three points behind [City]."
Coming off the back of three successive defeats, Zabaleta says his team are now buoyed by their Champions League win against Dynamo Kiev and the penalty shoot-out victory over the Reds as they look to keep up their winning ways.
"It's going to be very tough. Everything is very tight at the top of the table, and it just depends on us,” he said.
"We have enough belief and need to try to keep the momentum going from the last two games, with the performances at Kiev and Wembley."