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According to Sky Sports Switzerland, the full-back made up his mind about leaving in the wake of Jurgen Klopp's resignation.
In January last year, after over eight years in charge, the German informed his players he'd be leaving Liverpool at the end of the 2023/24 campaign - a decision that left the squad gobsmacked.
Jurgen Klopp's departure reportedly pushed Alexander-Arnold closer to the exit door.
Not only had he been given his first senior opportunity by Klopp, the former Dortmund coach had helped him evolve into one of the most dynamic and creative right-backs in world football.
After Klopp's final match, an emotional Alexander-Arnold expressed his gratitude to ViaPlay.
Arne Slot's arrival cast a sliver of doubt over his first team future, and although he's been a regular under the Dutchman, their bond doesn't appear as unshakable as the one he had with Klopp.
Once the 2024/25 season got underway, Alexander-Arnold had entered the final year of his contract, with no extension in sight
Then, in January, Real made a bid for Alexander-Arnold, which Liverpool promptly turned down
However, he's done little to quell rumors about his future.
In stark contrast, Mo Salah and Virgil van Dijk - both of whom are also nearing the end of their contracts - have publicly stated their intention to remain at Liverpool.
News of his impending departure won't sit well with the majority of the Liverpool faithful, but if Alexander-Arnold can contribute to securing only the second Premier League title in the club's history, much of the frustration over his exit will likely dissipate.
A triumphant end to the season would be a fitting farewell to his 21-year tenure at the club