The 26-year-old looks set to leave the club at the end of the season once his contract expires with a move to Real Madrid reportedly agreed.
Alexander-Arnold played a key role for Liverpool after they secured the Premier League title with a comprehensive 5-1 win over Tottenham on Sunday.
Amid the uncertainty surrounding his future, the right-back was seen talking with owner John W Henry during the celebrations.
Conversation between Trent Alexander-Arnold and Liverpool owner revealed
Now, investigative and forensic lipreader Nicola Hickling, who spoke to OLBG, has revealed what he believes the two said to each other.
Henry supposedly said: “You’ve been quiet. How did you get on?”
To which Alexander-Arnold replied: “Being sensible.”
The 75-year-old added: “I want you to do the right thing.”
The defender answered and said: “Yeah, yeah.”
Henry continued: “Best way and don't panic.”
Trent questioned: “Should I decide?”
The American then nodded very slowly and exclaimed: “Absolutely,” before he turned and said: “Let them know.”
Liverpool may have won the Premier League but the season isn’t over yet as they prepare for a trip to Chelsea on Sunday.