The 42-year-old is enjoying a marvellous 2023-24 campaign in Germany at the BayArena, with his Bayer Leverkusen side heading towards their first-ever Bundesliga crown.
Alonso's charges are sitting pretty at the top of Bundesliga standings, 16 points ahead of second-placed Bayern Munich who have lost back-to-back matches since returning from the international break.
Leverkusen extended their unbeaten run this term to 28 matches in the league on Saturday, narrowly defeating Union Berlin in the German capital courtesy of a Florian Wirtz penalty.
As well as the Bundesliga, the German league leaders are also on course for success in the DFB Pokal and Europa League as the season approaches its business end.
Real Madrid beat Liverpool and Bayern Munich to Alonso?Following Alonso's impressive campaign at the BayArena so far, both Liverpool and Bayern Munich entered the race for the Spaniard's services ahead of the 2024-25 season.
However, the 41-year-old revealed last month that he would be staying at Leverkusen past the summer, rejecting the advances of the Reds and the Bavarian giants.
According to Relevo, Real Madrid believe that Alonso's decision to stay put at the Bundesliga leaders is due to his desire to manage at the Bernabeu.
Los Blancos are said to believe that the former Madrid player is waiting for Carlo Ancelotti to leave his post at the 14-time European champions.
It is understood that a large section of the Real Madrid squad have spoken about the possibility of Alonso taking the reins, including ex-teammates Luka Modric and Dani
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