Real Sociedad were keen on signing Odegaard for a second time but had insisted to Madrid that a purchase clause was part of the loan deal.
While Madrid’s hierarchy are open to Odegaard leaving in order to secure more playing time, the Spanish champions want to keep control of the midfielder’s long-term future and do not want him to leave permanently.
Arsenal already have a strong relationship with Madrid due to their loan agreement with Dani Ceballos, who is in his second season on loan with the Gunners.
Reports in Spain claim that Arsenal are the club who have pushed the hardest to sign Odegaard, with Real Sociedad more concerned with finding a replacement for their striker Willian Jose, who is on the verge of joining Wolves on loan with an option to buy this summer for €20 million (£17.8m).
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