Alexander-Arnold has established himself as a member of Jurgen Klopp’s senior squad since making his debut in October.
The defender is still only 18 and Fowler feels he has tapped into the support from the fans as a local lad, like he did when he broke through at Anfield in 1993.
The Reds legend feels Alexander-Arnold has all the talent needed to succeed at Liverpool.
“He’s probably got every attribute to be a top player,” he said. “His attitude, will and drive are what we want as Liverpool supporters. He’s got all those in abundance.
“I can see a big future for him. Regardless of whether you’re a local lad or a young lad coming into the game, you want to do well first and foremost.
“Maybe the fact that he’s young and a lot of people in the Kop and the crowd at Anfield see a little bit of themselves in him, drives him on a little bit more.
“It certainly did with me. I was playing for what I think is the greatest team in the world. For a young, local lad to be doing that was brilliant.
“Trent and a few of the other ones are getting chances now and we must give Jurgen a little bit of credit for getting the youngsters involved because we’re probably going to need them in a year or two.”
Alexander-Arnold, who had just turned 18 when he made his debut against Spurs in the EFL Cup, crowned his breakthrough season by fulfilling a lifetime’s ambition by playing alongside Steven Gerrard.
He lined up next to his hero in Liverpool’s post-season friendly 3-0 win over Sydney FC, which also featured former Reds Jamie Carragher, Daniel Agger and Steve McManaman.
And even though it was not a competitive game, it was still a moment Alexander-Arnold will savour for the rest of his career.
“As a kid, I always said that my dream was to play in a game with Stevie,” he said.
“I thought that chance had passed to be honest, especially with him retiring last year.
“I know it wasn’t a competitive game, but I’ll take it anyway. It was brilliant to have him as a teammate and I’ll tick that one off my list.
“That iconic pass Stevie does – I used to watch that week in week out. To be on the receiving end of a couple of those was a privilege.
“Every kid growing up in Liverpool tried to emulate that kind of Steven Gerrard pass.”