Fussball News reported on 25 September that Arsenal have placed Trent Alexander-Arnold on a right-back shortlist, with Real Madrid possibly open to talks at around €70m to €80m.
TEAMtalk reported the next day that Real Madrid have no plans to let him leave in January, and no bid or formal negotiation has been reported.
Denzel Dumfries has been preferred to him at right back since Jose Mourinho's return, which is the main reason the link exists at all.
Trent Alexander-Arnold to Arsenal rated ‘Possible'
The Football Whispers Index scores every transfer rumour across five weighted factors. Read how it works here.
Trent Alexander-Arnold to Arsenal
The Football Whispers Index weighs up affordability, squad need, player motivation, selling club incentive and the strength of the reporting behind a rumour, then adjusts for how competitive and advanced the chase actually is.
The clearest point in Arsenal's favour is the playing-time squeeze in Madrid, where Denzel Dumfries has been preferred since Jose Mourinho returned.
The most decisive fact against a January deal is TEAMtalk's report that Real Madrid have no plans to sell, a position other outlets carrying the Fussball News fee story have also noted.
Financial viability
- Alexander-Arnold signed a contract at Real Madrid in June 2025 that runs until 30 June 2031.
- He is estimated to earn around €320,577 a week in fixed salary at Madrid, only a little below Bukayo Saka's reported £300,000 a week as Arsenal's highest earner.
- Arsenal recorded revenue of £691m in their latest published accounts, giving them substantial financial capacity to fund a major transfer.
- Real Madrid signed Denzel Dumfries for a reported €20m release clause in July 2026, adding another senior right back to their books.
A fee of €70m to €80m, as Fussball News has put it, would be a major outlay, though Arsenal's published revenue of £691m shows the financial scale to contemplate it.
Wages look less of an obstacle than they might first appear, since Alexander-Arnold's estimated pay in Madrid converts to a little under what Bukayo Saka currently earns as Arsenal's top earner.
Real Madrid's purchase of Denzel Dumfries through a €20m release clause shows a club investing in the position, which is evidence of competition for Alexander-Arnold's place rather than of an intention to sell him.
Buying club need
- Ben White was forced off at half-time with a groin problem in Arsenal's win at Sunderland on 12 September.
- William Saliba is also sidelined, with a back injury.
- Jurrien Timber returned from a long-term groin problem as a half-time substitute at Sunderland and started at Brighton on 19 September, with Mikel Arteta stressing the need to manage his minutes.
Arsenal's problem is timing rather than a hole in the squad, since White's injury and Saliba's absence sit alongside a Timber who is only just back to match fitness.
Whether that is more than cover is the real question, because Timber is already back in the side and White's injury has not been described as long-term.
Player motivation
- Alexander-Arnold did not start Real Madrid's first two La Liga games of the season against Espanyol and Real Sociedad, with Denzel Dumfries preferred at right back.
- He has made five appearances and provided one assist for Real Madrid in 2026-27, after missing out on Thomas Tuchel's England World Cup squad in the summer.
- TEAMtalk reported on 26 September that Alexander-Arnold is not currently contemplating a January exit from the Bernabeu.
Being left out of the first two La Liga games with Dumfries preferred, and then adding only five appearances in the opening weeks, is the clearest reason for Alexander-Arnold to want more football.
The case for a move stops there, because the reporting on his own position says he is not contemplating a January exit, and Arsenal could not promise him the right-back shirt ahead of Timber when fit.
Selling club incentive
- Denzel Dumfries arrived at the Bernabeu in July 2026 as a like-for-like right back, giving Real Madrid a ready-made alternative.
- TEAMtalk's report on 26 September said Real Madrid have no plans to let Alexander-Arnold leave during the January window.
- His contract, signed in June 2025, runs until 2031, leaving Real Madrid no financial pressure to sell before then.
Real Madrid have already done the hard part of replacing Alexander-Arnold if they need to, which removes one of the usual reasons a club is forced into a rushed sale.
TEAMtalk describes no plan to sell, while Fussball News goes only as far as saying Real Madrid could be open to talks at €70m to €80m, which is a long way from a club actively looking for a buyer.
Market momentum
- TEAMtalk reported on 26 September that intermediaries have sounded out Arsenal, Liverpool, Manchester City and Chelsea over a potential move.
- Fussball News reported on 25 September that Arsenal have placed him on a right-back shortlist and that Real Madrid could be open to talks at around €70m to €80m.
- No bid, fee agreement or personal terms have been reported between Arsenal and Real Madrid.
The €70m to €80m figure has been carried widely since 25 September, but it traces back to Fussball News, so more headlines are not more corroboration.
Beyond that, TEAMtalk describes enquiries by intermediaries across four clubs rather than a bid, which is why this still reads as early market intelligence.
Trent Alexander-Arnold to Arsenal: Will or won't it happen?
Arsenal have a clear reason to explore Alexander-Arnold, but Real Madrid's reported refusal to sell makes a January move difficult to envisage at present.
The more realistic point for reassessment looks like the end of the season, unless Mourinho's use of him changes the picture sooner.