Real Madrid are close to signing Trent Alexander-Arnold.
According to AS, Real Madrid are close to successfully signing Liverpool's right-back, Trent Alexander-Arnold.

The 26-year-old Englishman's contract with Liverpool expires at the end of this season, along with Mohamed Salah and Virgil van Dijk. However, while Salah and van Dijk are likely to remain at Anfield, Alexander-Arnold could leave Liverpool as early as the January transfer window.
AS reports that the deal is 90% complete, with Alexander-Arnold almost certain to join Real Madrid. Contract terms have been agreed, only awaiting the official signature to finalize the transfer. According to the report, the crucial date will be January 1st, when Alexander-Arnold could officially move to the Bernabeu.
Dani Carvajal's long-term injury and the uncertainty surrounding Lucas Vazquez's condition prompted Real Madrid to act immediately, rather than wait until summer to acquire Alexander-Arnold on a free transfer. Adding a quality right-back like Alexander-Arnold was essential to strengthen the Royal team's squad, particularly in the defensive position.
On Liverpool's side, the Premier League leaders are reportedly targeting Bayer Leverkusen defender Jeremie Frimpong as a direct replacement for Alexander-Arnold. Frimpong has attracted attention with his impressive form and would be a potential option for Liverpool should Alexander-Arnold leave.
If this deal goes through, Trent Alexander-Arnold will become one of the most notable signings of this January transfer window. This change would provide a major boost for both Real Madrid and Liverpool, with the Spanish team strengthening their right flank, while Liverpool would need to find a replacement for a key player.