Trent Alexander-Arnold set to receive 'insane' salary at Real Madrid after announcing Liverpool exit

Trent Alexander-Arnold is in line to receive a whopping salary at Real Madrid as further details emerge following confirmation he will be leaving Liverpool.

Alexander-Arnold has been a constant source of speculation throughout Liverpool's Premier League title-winning season and though Mo Salah and Virgil van Dijk signed new contracts, the England international has decided to move for pastures new.

After a flurry of reports, on Monday Alexander-Arnold confirmed he will not be extending his contract at Anfield and will depart on a free after spending 20 years with his boyhood club.

A day after the 3-1 defeat to Chelsea, Alexander-Arnold posted a lengthy statement accompanied by an emotional video explaining his decision.

Liverpool also put out an official statement and said the two-time Premier League winner will "depart with our gratitude and appreciation for his contribution during a sustained period of success".

Trent Alexander-Arnold's Real Madrid contract emerges after announcement

In what appears to be the worst kept secret in football, Alexander-Arnold is now poised to embark on a new chapter in Spain, joining England teammate Jude Bellingham at 15-time European champions Real.

According to Fabrizio Romano, Alexander-Arnold is expected to sign a five-year contract at the Santiago Bernabeu.

Sacha Tavolieri of Sky Sport reported that he will also be given a hefty salary increase from his Liverpool pay packet, earning €15 million per year prior to any taxes, performance-related bonuses and a signing on fee factored in.

Trent Alexander-Arnold is poised to receive a significant salary increase at Real. Image: Getty

However, the figure means he will not be one of Real's top earners - with the likes of Vinicius Jr and Kylian Mbappe on higher wages than Alexander-Arnold.

His Liverpool deal is due to officially expire on July 1 but The Sun say he could join up with Real sooner as they want him to participate in the Club World Cup which kicks off in the United States in June.

It's claimed if an early release is paid for by Los Blancos, Alexander-Arnold could move on June 1 and would be on course to feature against Al Hilal in the group stage game in Miami on June 15.

Alexander-Arnold has racked up 351 appearances for Liverpool, scoring 23 goals and assisting 92. He could pull on the Reds shirt three more times, including twice at home to Arsenal and Crystal Palace.