The Argentine, a 2022 World Cup winner, has impressed since his move to Liverpool from Brighton in 2023 and is highly regarded by the Spanish giants.
Still, acquiring him won’t be easy. Liverpool see Mac Allister as a vital part of their squad and would likely demand a transfer fee of at least €90 million. His contract runs through 2028, adding to the difficulty.
Negotiations may be further strained by existing tensions between the clubs, particularly in light of the recent transfer involving Trent Alexander-Arnold.
As a backup plan, Real Madrid are weighing more budget-friendly options such as Angelo Stiller or Hugo Larsson, with major decisions expected after the FIFA Club World Cup, where the club hopes to earn around €100 million