Liverpool close to reaching £1 million per month player agreement

Liverpool are close to reaching an agreement with Trent Alexander-Arnold over a contract extension with his current deal set to expire in 2025, according to a new report.

The 24-year-old was named vice-captain in the summer and after that honour, Liverpool took steps to ensure they keep the mercurial fullback for the next phase of his career.

90Min reports that Liverpool are working on finalising a new agreement with Alexander-Arnold.

This comes after both La Liga giants Barcelona and Real Madrid have shown "active interest" in signing him.

With his current contract set to expire in June 2025, the Reds have acted swiftly and proactively.

Kostas Tsimikas will also sign a new contract with "talks nearing a conclusion."

How much will Trent Alexander-Arnold with his new contract?

The defender currently earns £160,000 per week but 90Min claims his new deal will be worth around £250,000 per week or over £1 million per month.

It's a huge increase on an already massive contract - Alexander-Arnold will earn 56% when he signs his new deal.

It puts him on par with some of the most highly paid players in the Premier League and reflects his standing as one of the most talented players in England.

It will put him on par with Reece James as the joint-highest paid fullback.

Still only 24, the Liverpool Academy star has won everything except the Europa League although this season may change that.

When will Alexander-Arnold's contract extension be official?

90Min reports that Liverpool's talks with Alexander-Arnold are "progressing well" and that an extension to his inspirational Anfield career will be made "before Christmas."

With Jurgen Klopp's squad in a good place to launch a Premier League title challenge, especially after earning 13 points from an available 15 this season, their success may be down to Trent.

While Liverpool beat Wolves 3-1 without him, it took a whole host of changes to replicate the fluidity and creativity that exists when Alexander-Arnold is in the side.

He is working his way back from injury after sustaining a hamstring injury against Aston Villa before the international break.

While the Reds don't necessarily need him to beat LASK in the Europa League, his presence in the side is vital in the Premier League.