Alexander-Arnold is set to make a decision at Anfield as he enters the final six months of his contract with the Premier League leaders.
Mixed reports about his intentions have flooded the gossip pages in Spain and the UK in recent days, but with no firm update on a renewal.
If Real Madrid achieve their goal of convincing the 26-year-old to make the move, it will be a huge blow for Liverpool.
However, according to reports from Teamtalk.com, Liverpool could have a plan to respond and sign a long-time Real Madrid target.
Alphonso Davies targeted
Los Blancos are reportedly close to completing another free transfer – for Bayern Munich’s Alphonso Davies – but Liverpool are reportedly preparing a rival offer.
A move for Davies would be the final chess game between the clubs, with Liverpool potentially looking to strengthen both full-back positions.
