Lippi's former club Juventus have started the new campaign brightly while three of Italy's strongest teams last season have not be able to match the Turin outfit so far.
Defending champions AC Milan and their city rivals Inter as well as Napoli have all found the going tough early on.
"Compared to other years where Inter used to be the strongest, now there is a balance," Lippi told La Repubblica.
"Milan are strong after winning the league last season and they have rediscovered enthusiasm.
"Inter are also on the right track, while Juventus, Roma and Napoli can all be protagonists."
Despite his observations on the Italian game, Lippi insists he has no interest in making a return to coaching in his home country. Lippi was sacked from his position with the Italian national team after a poor World Cup campaign in South Africa last year.
"I have had offers in Europe and beyond from clubs and national teams," Lippi said.
"What is certain is that I will not be coaching in Italy."
Italian football fans are gearing up for an important weekend in Serie A with Inter taking on Napoli on Saturday night while Juventus host AC Milan on Sunday.