El Chiringuito reported this week that the former Real Madrid coach had agreed to return to Liverpool at the end of the season.
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However, the deal was contingent on Liverpool missing Champions League qualification, which would see management move out Slot and bring in Xabi.
However, the Spaniard's agent, Inaki Ibanez, told WinWin: "All the talk about a deal with Liverpool is just media speculation.
"Alonso is considering all the offers he's received to decide his next destination for the new season."