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In the end, Liverpool did receive a transfer fee for the player to move early in order for him to play at the Club World Cup, saving on his salary in the meantime too, but Reds fans were disappointed to lose a boyhood fan who came through the academy system on Merseyside.
"It will be a great move," Bale told Sky Sports as he attended the UK premiere of the new F1 movie in London.
Gareth Bale was in attendance as Liverpool beat Real Madrid.
"I think it is well known that Real Madrid is a club I have loved since I was young – there is a photo of me wearing the shirt somewhere when I was a boy.
So, when the opportunity came to play for Real Madrid, a club that I had loved since I was a kid, it was one that I couldn’t turn down."
Alexander-Arnold spoke some Spanish during his unveiling at Real Madrid.
He has since played twice for Los Blancos at the Club World Cup, starting in games with Al Hilal (a 1-1 draw) and Pachuca (a 3-1 win, despite Raul Asencio's early red card).
"This is a day I've been waiting for a long time now," Alexander-Arnold said when he was introduced to the Real Madrid media.
Whether you support Real Madrid or not, you have to respect the history of it.
"I have always admired clubs, teams, players who win trophies