Liverpool intends to keep Alexander-Arnold long-term, and according to The Athletic’s James Pearce, discussions with the 26-year-old's representatives are ongoing as they work towards a deal.
However, chatter about Real Madrid's interest has intensified in recent days, especially after Dani Carvajal sustained a season-ending knee injury.
Marca reports that Real Madrid plans to pursue Alexander-Arnold in January, but only if he hasn’t renewed his contract with Liverpool by then. If the situation remains unresolved, the La Liga champions will extend a contract offer to the Liverpool star, aiming to secure him for the 2025/26 season. If a pre-contract is agreed upon, they might attempt to sign the defender before the winter transfer window closes, although Liverpool is likely to resist this scenario.