Novak Djokovic, the favorite at the Australian Open, faces challenges in his quest for an unprecedented 25th Grand Slam title. A wrist problem and the rise of young talent Carlos Alcaraz pose potential threats to his reign. Djokovic, who won the French and US Open in 2023, lost to Alcaraz in a Wimbledon final. Alcaraz, a two-time major champion and world number two, is a significant contender at the Australian Open.