Real Madrid have reportedly conceded they will not be able to sign Trent Alexander-Arnold this month.
Liverpool star Alexander-Arnold, 26, has been the subject of intense speculation in recent times, with the defender - alongside Virgil van Dijk and Mohamed Salah - out of contract at the end of the season.
Liverpool remain in negotiations with all three stars, but no breakthrough has been made as the months tick by, and the players are able to speak to overseas clubs about joining on a free transfer in the summer.