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Liverpool should "rinse" Real Madrid if the Spanish team is keen on signing Trent Alexander-Arnold sooner rather than later.

That's the view of former Crystal Palace chairman Simon Jordan, following reports that Madrid is eager to secure the services of the right-back ahead of schedule.

Alexander-Arnold has made headlines this week by announcing he won't be renewing his contract with Liverpool, thus ending a 20-year spell at the club when his current deal expires on June 30.

However, it has now come to light that the reigning Champions League champion wants to snap up Alexander-Arnold straight after the season concludes to have him ready for the Club World Cup this summer?

This would mean Liverpool agreeing to an early termination of the 26-year-old's contract in return for a nominal fee.

But considering the hefty prize money – nearly £100 million ($132 million) – on offer for the Club World Cup victors, Jordan believes the Anfield hierarchy should drive a hard bargain with their Madrid counterparts.

During his talkSPORT appearance, he questioned: "Do Liverpool want to be a contributing factor to Real Madrid being crowned inaugural Club World Cup champions?

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Simon Jordan has addressed Real Madrid's desire to sign Alexander-Arnold from Liverpool early?

And if Liverpool give them a player to help them with that, they've just given Madrid £100M to make sure Madrid can maintain their dominance in European football, so why?

If you want this player to play in a tournament Liverpool aren't in, it's not Liverpool's job to enhance Madrid's opportunity.

"I would bend them over and make them tie my shoelaces as well as give me an extraordinary amount of money - as much as I could rinse out of them.

"What's £500,000 ($662K)