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Xabi Alonso became the manager of Real Madrid earlier this season after having a wonderful time at Bayer Leverkusen for the last three seasons. He had been one of the best managers of the mentioned German side in years, and he even brought them the first Bundesliga League title after 14 long years. Expectations were really high when he returned to Real Madrid.
Alonso had been a legend of Real Madrid, and he won multiple prestigious titles with the Spanish Giants when he was a player. He joined Real Madrid Football Club in 2009 from Liverpool and he had been one of the most impact and he had been one of the most impactful midfielders of his time. He was also doing an amazing job as a manager.

Multiple players want Xabi Alonso to get sacked from Real Madrid
His move to Real Madrid as a manager seemed inevitable, and he himself made it clear several times that if he ever moved away from Bayer Leverkusen, he would only join Real Madrid, and that is exactly what he did. He became the manager of Real Madrid at the start of the present season.
Xabi Alonso became the manager of Real Madrid at the start of this season
So far, Real Madrid has been doing an amazing job under Xabi Alonso. They are standing on first position in the La Liga after 13 games. They are also at the top of the UEFA Champions League with three victories in four fixtures. But things are not going very well for him internally in Real Madrid.

Liverpool's approach is possible if their tough time continues under Arne Slot
Reports suggest that major players like Vinicius Jr., Federico Valverde, Brahim Díaz, Ferland Mendy, Endrick, and Rodrygo are not happy to work with him anymore, but players like Kylian Mbappé, Arda Güler, Thibaut Courtois, Dean Huijsen, and Álvaro Carreras are happy with him, according to reports from Arancha Rodríguez.
Liverpool, on the other hand, are having a tough time under their Premier League winning manager, Arne Slot, and he can get sacked in no time. Xabi Alonso is emotionally attached to Liverpool too, and he always considered The Reds as a potential destination. So this dream move is definitely possible with the present dilemma going on at Real Madrid.