Wham!'s hit is the frontrunner after reclaiming the top spot in the last chart before the Christmas one, as people streamed it to get into the festive spirit. It has also been reissued on CD and 12-inch vinyl for its 40th anniversary for the final week of the chart race, giving it a further boost.
Another seasonal staple, Mariah Carey's All I Want for Christmas, is not far behind.
Also in this year's mix are Brenda Lee's golden oldie Rockin' Around the Christmas Tree and the latest incarnation of Band Aid.
They're joined by a new festive tune by Tom Grennan, while songs by Ariana Grande and Kelly Clarkson have established themselves as returning Christmas classics.
Or the chart crown could go to something non-Christmassy - like recent hits by Gracie Abrams, Rose and Bruno Mars, or the fast-rising Lola Young.
There was a long period when the Christmas number one was reserved for the latest X Factor winner - seven times between 2005-14 - or novelty charity-fundraising sausage-roll enthusiast LadBaby, a five-time victor between 2018-22.
And just like with buying gifts, the key for any artists involved now, according to Official Chart Company boss Martin Talbot, is to step into Christmas with confidence and a strategy, and to go early.