As a Liverpool fans actually i don't want to see Alexander-Arnold moved from Liverpool especially he came from Liverpool Football Academy so he was playing with Liverpool since at junior team besides that Liverpool currently is very solid and Alexander-Arnold as part of Arne Slot plan but apparently Liverpool has no plan to give him contract extension which mean possibly Alexander-Arnold will be leave with free transfer status and since last summer actually Alexander-Arnold was linked to Real Madrid especially Jude Bellingham which Alexander-Arnold close friend has been invite him to joining with this team
Of course, releasing Alexander Arnold is a loss for Liverpool, but currently he has not renewed his contract which will expire in January next year. So the possibility is still unclear, but Madrid will definitely look for a replacement for Carvalaj. Of course, Ancelotti has to wait for the winter market to open, maybe an alternative can also be taken from Real Madrid's young players. Of course, they have to use the players they have at the moment and make the player collectivity better and minimize injuries. Another problem, indeed Madrid was not very active in the last transfer season.
Yes, the contract negotiations between Trent Alexander-Arnold and The Kop have not progressed much. That raised concerns among many fans of the Anfield home team. Not long ago, he affirmed that his biggest wish in his career was to win major titles. Real Madrid could be the perfect destination for Alexander-Arnold if he leaves Anfield. Los Blancos needs a quality right-back as Dani Carvajal shows signs of age and injury. And Los Blancos can provide him with trophies.
Liverpool losing Alexander-Arnold after this season ends is a completely possible prospect. Certainly, this is a big loss for The Kop. Alexander-Arnold's influence on Liverpool's style of play over the years has been huge. However, The Kop can still look for new names to replace. It wouldn't be a disaster if Alexander-Arnold left Liverpool at the end of this season.