The Reds have suffered four defeats in just ten games of the Premier League this season and will face Fulham at the weekend.
Mascherano told Zoo: “The league is still possible.
“If we start to win and keep winning, anything’s possible, but we cannot afford to drop more points. We have to start winning and then not stop.”
He added: “In football, you never know.
“If you start to win games, then it can happen. We have to forget about the past and just think about the future. And do it for us, for the team, and most of all, for the supporters.”
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.