Alexander-Arnold has been with Liverpool since he was six years old and has made 354 appearances for the club, scoring 23 goals. He has lifted eight major honors with the team, including two Premier League titles, the Champions League, and the FA Cup. Despite this, his release clause in his contract is reportedly set at €1 billion, a significant amount that could have earned Liverpool a substantial sum if they had accepted an earlier offer from Real Madrid.

Manager Arne Slot decided to keep Alexander-Arnold until the end of his contract in June, but the player will now join Real Madrid. The Reds are expected to announce a replacement for Alexander-Arnold soon, with Bayer Leverkusen's Jeremie Frimpong being considered a likely candidate.