Martin Odegaard is set to rejoin Arsenal on a permanent five-year deal from Real Madrid for a fee of around £30m, according to reports.

Martin Odegaard celebrating scoring for Arsenal against Olympiacos (Photo via Arsenal on Twitter)
Martin Odegaard celebrating scoring for Arsenal against Olympiacos (Photo via Arsenal on Twitter)

The Athletic reported on Tuesday night that Arsenal and Real Madrid were close to agreeing a deal for the permanent transfer of Martin Odegaard. It hasn’t yet been finalised, but the fee is expected to be in the region of €35m (£29.9m).

According to the same report, Arsenal are even hoping they might be able to get the deal done in time for the midfielder to feature against Chelsea on Sunday. But there’s still work to be done before the transfer is complete.

Norway-based reporter Arilas Ould-Saada claims there’s been a significant breakthrough in negotiations between the two clubs for the player’s permanent transfer, again repeating that Arsenal hope to have him ready for Sunday. He adds the fee will be between €35m and €40m.

The Guardian back up the €40m (£34m) fee claim, suggesting Arsenal are close to agreeing with Real Madrid. They add that he’s set to sign a five-year deal having already agreed personal terms.

Football.London support Ornstein’s figure of €34m, with Chris Wheatley writing that the player is expected to join in the coming days.

The Daily Mail write that Arsenal are on the brink of a £30m agreement, with the deal now in the ‘latter stages’. The Mail, Football.London, and Ornstein all confirm Odegaard was absent from Real Madrid’s main training session on Tuesday, training individually instead.

Fabrizio Romano reports the deal is set to be completed, with talks in the final stages, and that Odegaard has always been Arsenal’s priority signing.

From Spain, MadridistaReal claim that the transfer will be for around €40m with no buyback clause. It’s simply a definitive sale.

Though there’s no specific agreement between the various sources on the price, it seems clear the final fee will be around £30-34m, which seems a very good price for the young playmaker. If Arsenal can get it done in time for the Chelsea match, even better.