Liverpool face a fight to hang on to their key central midfielder Xabi Alonso this summer, according to reports.
Spanish giants Real Madrid are due to hold their presidential elections soon and Florentino Perez is favourite to succeed.
Should he win, he has made Alonso his No.1 target, reports today's Daily Telegraph.
Although Liverpool boss Rafa Benitez insists the player is not for sale, the Spaniard has limited transfer funds available this summer and could be tempted to cash in on the player in order to boost his own spending kitty,
Alonso would fetch a price of around £20million.
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