The noise around Alexander-Arnold has ramped up over the past week with multiple reports in Spain claiming he’s on the brink of signing for Real Madrid. The Athletic has spoken to multiple sources with knowledge of the situation to understand the current state of play surrounding Liverpool’s vice-captain. It depends on who you speak to.

Arnold's camp asked Real Madrid to make a January bid to Liverpool. Los Blancos recently had a January bid turn

Liverpool have rejected an approach from Real Madrid to sign full-back Trent Alexander-Arnold in the January transfer window, sources have told ESPN. The England international is out of contract at Anfield in June and sources have told ESPN that he is Madrid's top defensive target following a long-term injury to right-back Dani Carvajal.