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Liverpool is facing up to the prospect of losing Trent Alexander-Arnold for nothing this summer - although there may still be a chance that the Reds don’t come away completely empty-handed.

Alexander-Arnold looks to finally be on the verge of a move to Real Madrid following months of speculation.

Tuesday saw reports come to a head with suggestions that terms may have already been agreed, and that the Spanish giant is looking to finalize a deal.

There is no confirmation from either Liverpool or Real at this point, although an exit from Anfield is now looking inevitable for Alexander-Arnold.

As such, they have been able to negotiate pre-contract agreements with foreign clubs since January ahead of potential moves abroad.

The prospect of losing a player as influential as Alexander-Arnold would come as a big blow to Liverpool, particularly ahead of a big summer in which Arne Slot needs to upgrade in a number of areas of his squad.

Trent Alexander-Arnold looks set to join Real Madrid at the end of his Liverpool contract.

According to the report, Real is “extremely keen” to have Alexander-Arnold playing in the tournament.

That would require Liverpool to agree to release the 26-year-old from his contract early, but the Reds would still be able to demand a small compensation from their Spanish counterparts in the form of a transfer fee

Real and its president Florentino Perez are said to be “counting on” Alexander-Arnold taking some part in the Club World Cup, although they will also need approval from La Liga.

Real did make an attempt to sign Alexander-Arnold early before the January transfer window, having submitted a $26 million bid on New Year’s Eve which was immediately knocked back by Liverpool