Alexander-Arnold currently sits behind his teammate with 12 assists and has played a part in the Reds’ 21 clean sheets in the league so far this term.
The winners will be decided by a public vote, ending at 6pm BST on May 16.
Also in the running are Manchester City duo Kevin de Bruyne and Joao Cancelo, Tottenham’s Son Heung-Min, Southampton midfielder James Ward-Prowse, Arsenal’s Bukayo Saka and West Ham forward Jarrod Bowen.
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