Arsenal are closing in on an agreement that would see them sign Real Madrid’s Martin Odegaard on loan for the rest of the season but how much will he cost?

Real Madrid's Norwegian midfielder Martin Odegaard reacts during the Spanish league football match Real Betis against Real Madrid CF at the Benito Villamarin stadium in Seville on September 26, 2020. (Photo by JORGE GUERRERO / AFP) (Photo by JORGE GUERRERO/AFP via Getty Images)
Real Madrid’s Norwegian midfielder Martin Odegaard reacts during the Spanish league football match Real Betis against Real Madrid CF at the Benito Villamarin stadium in Seville on September 26, 2020. (Photo by JORGE GUERRERO / AFP) (Photo by JORGE GUERRERO/AFP via Getty Images)

With Mikel Arteta desperate to add some creativity to the side and ease the burden on Emile Smith Rowe, Martin Odegaard has been identified and negotiations started.

The player seemingly wanted to return to Real Sociedad, where he has already enjoyed one loan spell, but Real Madrid wanted to loan him outside of La Liga, so it seems Arsenal are likely to benefit.

The player has been used sparingly, to say the least, at Real Madrid but it seems they are unwilling to part ways with the 22-year-old midfielder on a permanent basis.

Arsenal will pay £2m to loan Odegaard for the rest of the season but any loan deal will not come with an option to buy according to reports.

Odegaard currently earns £85kpw and you would expect Arsenal to cover that as well.

Odegaard on trial

Real Madrid's Norwegian midfielder Martin Odegaard warms up on the sidelines during the Spanish League football match between Real Madrid and Celta Vigo at the Alfredo Di Stefano stadium in Valdebebas, northeast of Madrid, on January 2, 2021. (Photo by OSCAR DEL POZO / AFP)
Real Madrid’s Norwegian midfielder Martin Odegaard warms up on the sidelines during the Spanish League football match between Real Madrid and Celta Vigo at the Alfredo Di Stefano stadium in Valdebebas, northeast of Madrid, on January 2, 2021. (Photo by OSCAR DEL POZO / AFP)

When Martin Ødegaard was just 16, Arsenal tried to sign him from Strømsgodset and took the player on trial.

That wasn’t anything special, the attacking midfielder trialled at a host of clubs across Europe. Now 22, Ødegaard made his international debut at just 15. It wasn’t hard to see why so many wanted him.

In the end, he made the mistake of opting to go to Real Madrid too early rather than a smaller club where he would have had more chance of playing regularly. He cost them just £2.52m.

To date, Ødegaard has played just 11 times for the Real Madrid first team, totalling just 489 minutes.

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