The right-back's current contract at Anfield ends in 2025 and he is one of several key stars whose deals expire in the next 18 months.
Mohamed Salah and Virgil van Dijk are two other names the Reds will want to hand new contracts to but with the departure of Jurgen Klopp at the end of the season, it is uncertain if some of the current squad will stay.
According to Football Insider, Alexander-Arnold is the player Liverpool's owners want to tie down the most as the defender is viewed as the future of the Merseyside club.
Trent Alexander-Arnold set to be offered new Liverpool deal
The new contract will see Alexander-Arnold receive an increase on his current £180,000-a-week wages and it will move him closer to Liverpool's top earner, Mohamed Salah.
The 25-year-old has been a key player for the Reds for several years now and is viewed by many as the best in the world in his position.
The right-back is without a doubt a special talent and has already racked up 14 goals and 57 assists across 218 appearances for Liverpool. Fans of the club will want him at Anfield for many years and this new contract will make sure he is.
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