Alexander-Arnold, who has been linked with Real Madrid, is approaching his eighth season with Liverpool and has accumulated nearly 300 senior appearances.
With his current contract expiring in 2025, the Reds are eager to secure his long-term commitment to avoid losing him at a lower price next summer.
Negotiations with the 24-year-old are reportedly close to completion, with the new deal expected to place him among the world’s highest-paid full-backs, earning £250,000 per week.
Liverpool preparing two new contracts
This would give Liverpool the upper hand in any potential transfer negotiations with Real Madrid.
In addition to the England international, Kostas Tsimikas is also set to sign a contract extension with the Merseysiders until 2027.
Despite being Andrew Robertson’s understudy, the Greek international has shown his commitment to the club.
Robertson, aged 29, continues to be a crucial player at left-back, while Tsimikas has had limited opportunities since joining Liverpool from Olympiacos in 2020.
However, Jurgen Klopp values Tsimikas, and he may see more action in the Europa League this season. The Greek footballer might get a chance to display his talent in Liverpool’s upcoming clash against LASK this Thursday in UEL.
Real Madrid have reportedly been exploring options in the English Premier League for a right-back, including Chelsea’s Reece James.
However, both Alexander-Arnold and James are expected to stay at their respective clubs.
Liverpool, under Jurgen Klopp’s leadership, have had a strong start to the 2023/24 season, with a 3-1 comeback win against Wolves marking their 4th victory in domestic action this season.
Cody Gakpo and Robertson scored for Liverpool, securing their undefeated status in third place after five matches.
Jurgen Klopp’s side are just 2 points behind the English Champions Manchester City as the chase game with Pep has already started.