Real Madrid are said to have confirmed how much they would be willing to spend on Trent Alexander-Arnold.
Per Marca, the La Liga giants have put in a bid of €20 million to sign the Englishman this winter.
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Alexander-Arnold wants to leave for the Bernabeu club, either this winter or as a free agent in the summer.
Marca states that Real are willing to go as high as €25 million this winter to secure the right-back.
However, Liverpool rejected the opening offer and may want to hold onto their prized asset.
While a summer move appears inevitable, the Reds could use Alexander-Arnold as they chase Premier Peague and Champions League glory this term.