The Reds have already secured their first signing of the transfer window, with Ibrahima Konate agreeing a five-year deal after joining from RB Leipzig for £36 million.
Liverpool are expected to make further acquisitions over the coming months, though this may be dependant on funds brought in through sales, with the likes of Divock Origi, Harry Wilson, Xherdan Shaqiri and Marko Grujic made available.
Otherwise, their focus will be on player retention, and with 10 players entering the final two years of their contracts this summer, it could be a busy one.
But the Press Association add that Alexander-Arnold and Robertson are also due talks over extensions, despite the pair being contracted to 2024.
Both last signed new deals with the club in 2019, and have continued to establish themselves as crucial figures at Anfield, with no player clocking more minutes on the pitch than Robertson this season.
At 22, Liverpool will be eager to tie Alexander-Arnold down for as long as possible, while the performances of his opposite number deserve a pay rise – arguably in line with the club’s highest earners.
The full-backs have both pledged their long-term commitment to Liverpool, with Robertson stressing this week: “I hope to stay here forever and I hope to retire here.”