Allowing Alexander-Arnold to leave early would mean Liverpool save approximately a month’s wages, while also giving them the opportunity to negotiate a small transfer fee. However, persuading the Anfield hierarchy to release one of their key players ahead of schedule will not be straightforward. Nonetheless, Real Madrid president Florentino Pérez remains adamant about signing Alexander-Arnold earlier than June 30 so that he can take part in the Club World Cup.
One possible avenue for Madrid could be utilising the restricted in-competition replacement period between June 27 and July 3. This would allow them to make squad changes mid-tournament, provided they receive authorisation from FIFA. The final of the Club World Cup is set to take place on July 13 at MetLife Stadium in New Jersey, meaning Madrid could still register Alexander-Arnold later in the tournament if an early release from Liverpool is not agreed upon. However, as these dates fall outside both La Liga and Premier League transfer windows, Madrid would need special permission from both leagues before finalising any deal.