Liverpool hope to convince the 26-year-old to sign an extension, but they face intense competition as The Athletic reports that he is Madrid's top target. However, a move will only be possible if he lets his deal at Anfield run down.
DID YOU KNOW?
Alexander-Arnold is not the only option on Madrid's list at the moment, however, as the report adds that Tottenham's Pedro Porro, Bayer Leverkusen star Jeremie Frimpong and Sevilla full-back Juanlu are also being considered.
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WHAT NEXT FOR MADRID?
The Spanish champions will be closely monitoring Alexander-Arnold's situation as the season wears on before he is free to start negotiating with other clubs as of January.