This news confirms what we knew all along, and Guehi is now the most sought-after defensive player available on the market. Every major European club will be interested in speaking to him over the coming months with a view to a free transfer.
Guehi's insistence on honouring his deal with Palace, and the club's reticence to let him go in a cut-rate transfer in January, could well have shunted Liverpool to the back of the pecking order, despite how close the two parties came to a deal.
Real Madrid have been savvy in snapping up out-of-contract stars over the past few years. Kylian Mbappe, Antonio Rudiger and Trent Alexander-Arnold have all joined Los Blancos after their deals with their respective clubs were running out. With the Spanish giants expected to pursue a centre back in the near future, they could become a real player in Guehi's future.
Liverpool's current defensive woes could pressure them into lodging another bid in January, however unlikely it is to come off, just to stave off the interest of Madrid, Bayern and Barcelona. The Reds have been fragile at the back, an issue that has been further compounded by the season-long injury to 19-year-old Giovanni Leoni. The Italian was supposed to provide additional cover for Ibrahima Konate, Virgil van Dijk and Joe Gomez, however he has undergone surgery to rectify a serious knee problem. With Konate also out of contract in the summer, and a reported target of Real Madrid himself, how the Reds manage their defensive personnel going forward should be fascinating.