It is claimed Real Madrid could cash in on the Spaniard, due to the fact he has not signed a new contract, although it sounds quite fanciful and far-fetched to us.
But don't take our rebuttal of the rumour alone, Spanish journalist Guillem Balague has had his say.
He has warned Liverpool fans not to get their hopes up.
By the way Xabi Alonso is not going back to Liverpool any soon. Not sure where that comes from— Guillem Balague (@GuillemBalague) December 5, 2012
@ollieholt22difficult to go back to a club where you reached such heights and where things have changed so much— Guillem Balague (@GuillemBalague) December 5, 2012
So what do you think, is an Alonso return just pure dream-like speculation by the Express, or is there any chance he could return to Anfield?
image: © Jan S0l0