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Alexander-Arnold went into the campaign as one of three high-profile players out of contract in the summer, following extensions for Virgil van Dijk and Mohamed Salah, he is now the only one.
The glare of Real Madrid has shone bright on Alexander-Arnold and the reports have intensified over the last 12 months, reaching breaking point on the eve of the January transfer window when Los Blancos tried to test the Reds' resolve - which was knocked back.
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Four Premier League matches remain for Liverpool in their successful campaign under Slot, his first in the region, but it also poses as the final matches of an illustrious career at Anfield for the academy graduate.
Across Europe in the Spanish capital, Real Madrid continue to dominate the headlines – and for all the wrong reasons.
But controversy has followed Madrid in recent weeks, while there has been a noticeable downturn of results and performances – including being well-beaten by Arsenal, a team who currently sit some 15 points behind the newly-crowned champions.
On Saturday, the Spanish giants were beaten in the Copa del Rey final by rivals Barcelona after extra-time in a dramatic 3-2 defeat.
With the preparations for the encounter overshadowed by a public spat between Real Madrid and referee Ricardo de Burgos Bengoetxea, there were suggestions that Los Blancos mightn't fulfil the fixture after being left angered by De Burgos Bengoetxea's teary press conference in the days leading up to the game.
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In the 120th minute, Lucas Vasquez was sent off for the following reason: For protesting one of our decisions, entering the field of play for several metres, and making gestures of disagreement.
"Jude Bellingham was sent off for the following reason: After the end of the match, he approached our position in an aggressive attitude, having to be restrained by his teammates."
The only remaining pieces of silverware for Real Madrid are the Club World Cup, which begins in June, and the league but they sit four points behind leaders Barcelona going into the final five games of the season
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