Just a year after Real Madrid and Liverpool struck a deal that sent Trent Alexander-Arnold to the Bernabéu on a cut-price move, the two European giants are back in touch—but this time, it's not about a player's transfer.

With the summer transfer window approaching, Liverpool have been linked to several Real Madrid stars, including midfielders like Eduardo Camavinga. However, recent conversations between the clubs have taken a different turn: they're centered on Xabi Alonso, the former Liverpool favorite and current Real Madrid manager.

According to Diario AS, Liverpool are eyeing Alonso as a potential successor to Arne Slot, who is under mounting pressure after a challenging season. As part of their due diligence, the Reds have contacted Real Madrid to learn more about the circumstances behind Alonso's departure from the Bernabéu back in January—a move that surprised many.

Despite the lingering tensions over the Alexander-Arnold deal, relations between the two clubs remain strong. Liverpool are leveraging that goodwill to evaluate whether Alonso is the right man to lead them forward. He's emerged as their top candidate to replace Slot, but before making a final decision, the club wants to be certain he's the best option available.

It's been a tough campaign for Liverpool. Despite spending over €400 million last summer, the team is on track for a trophyless season. Though they're still in contention for a Champions League spot, that alone may not be enough to save Slot's job, with many expecting a managerial change once the season wraps up.

If that happens, Alonso would be perfectly positioned to take the reins at Anfield. And for the Spanish tactician, it would be a chance to prove that his disappointing stint at Real Madrid was just a temporary setback—not the full story of his coaching potential.