Speculation over Liverpool's managerial future has intensified following Xabi Alonso's departure from Real Madrid on 12 January 2026, with the Spaniard emerging as a prime candidate to replace Arne Slot. Reports from Spain indicate Liverpool have made initial contact with Alonso's representatives, receiving a positive response that underscores his long-standing affinity for the club where he spent five successful years as a player. Alonso, sacked after a challenging seven-month stint at the Bernabeu culminating in a Supercopa de Espana final loss to Barcelona, is reportedly eager to return to Anfield, viewing it as an ideal opportunity to rebuild a side currently languishing in mid-table obscurity.
Slot, appointed in June 2024 on a three-year deal, has faced mounting criticism amid inconsistent results, with Liverpool sitting ninth in the Premier League as of late January 2026. The Dutchman's calm demeanour has frustrated fans accustomed to Jurgen Klopp's intensity, and recent defeats, including a painful loss at Bournemouth, have amplified calls for change. While the hierarchy publicly backs Slot, sources suggest contingency planning is underway, with Alonso's availability ramping up pressure. The 44-year-old's track record at Bayer Leverkusen, where he won the Bundesliga in 2024, positions him as a logical fit, though his Real Madrid tenure exposed vulnerabilities in high-pressure environments.
Salah's Form Slump and Contract Crossroads
Central to any rebuild is the status of Mohamed Salah, whose dip in form has become a focal point of Liverpool's woes. The 33-year-old Egyptian, who signed a two-year extension in 2025 tying him to Anfield until June 2027 on wages around ÂŁ400,000 per week, has managed just four goals in 15 appearances this season amid persistent fitness issues. A hamstring injury in January 2024 sidelined him for over a month, and recent reports highlight ongoing concerns, including a potential loan desire to AS Roma to rediscover rhythm. Salah's "strop" earlier in the campaign, coupled with subpar performances, has led to speculation of a summer exit, with Saudi Pro League clubs circling despite a reduced valuation from the ÂŁ150m bid rejected in 2023.
Liverpool's squad context adds urgency: the defence needs reinforcement after Marc Guehi's sale to Manchester City, and the attack lacks depth with Luis Diaz's departure to Bayern Munich unaddressed. Salah's leadership remains valuable, but his age and form suggest cashing in could fund reinforcements, aligning with Profit and Sustainability Rules pressures. A substantial offer—potentially £100m or more—would provide financial flexibility for a new manager like Alonso to reshape the team.
Alonso's Vision and Tactical Alignment
Alonso's potential requests, as speculated in reports, include targeted ins like Adam Wharton from Crystal Palace for midfield dynamism and Micky van de Ven from Tottenham as a Virgil van Dijk successor. Outs could feature underperformers like Cody Gakpo and Alexis Mac Allister, with Salah's departure ranked as "nailed-on" due to his downturn. This blueprint reflects Alonso's preference for a high-pressing, possession-based style seen at Leverkusen, where he transformed a mid-table side into champions. At Liverpool, Salah's attributes—pace and finishing—could theoretically fit, but his current struggles and wage burden make retention unlikely under a rebuild focused on youth and sustainability.
Betting markets have reacted, with odds shortening on Salah's next club amid the uncertainty. Punters monitoring the situation can review the Mohamed Salah next club odds, where drifts in Liverpool retention prices signal market doubt. Saudi destinations lead, reflecting persistent interest, though a European stay via loan or permanent move remains possible.
Navigating the Transition Ahead
Alonso's interest offers Liverpool a familiar face for stability, but challenges loom: integrating new signings mid-season if Slot departs early, and managing Salah's exit without disrupting the attack. If Alonso arrives, his Leverkusen success—unbeaten league title—suggests potential for revival, but Real Madrid's failures highlight adaptation risks. For Salah, a move could rejuvenate his career, especially post-injuries, while Liverpool gain funds for priorities like defence and midfield. As February approaches, clarity on Slot's fate will dictate the timeline, but Alonso's proactive stance positions him as the frontrunner in a pivotal moment for the club.