Real Madrid slap new terms on Martin Odegaard as Arsenal consider switch

Real Madrid may have reduced their asking price for Martin Odegaard as Arsenal consider a late summer swoop – but they remain apart in valuation with 16 days to go.

Mikel Arteta's side lost to Brentford in their Premier League opener on Friday evening, piling the pressure on his job following their eighth-placed finish last time out.

Following that, eyes have once again turned to Stan and Josh Kroenke after they promised financial backing – but they have already signed Ben White, Nuno Tavares and Albert Sambi Lokonga.

Odegaard impressed on loan at the Emirates last season and was initially expected to play a role under Carlo Ancelotti this season in La Liga – unless the correct offer comes in.

According to Spanish outlet ABC, Real Madrid have lowered their asking price to £34million for the 22-year-old, but want to include easy add-ons which total £8.5million.

In addition, the club are said to be keen on a buy-back clause for the Norway international, and say that Arsenal want the initial fee lowered to £25m.

After leaving him out of the playing squad to take on Alaves at the weekend, Ancelotti said of the playmaker: "The situation with Odegaard is like with Jesus Vallejo, it's down to where we are right now, we can't register all of them.

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"Tomorrow [Saturday] that could change. We have until September 2 to make the final decision. I've told Odegaard that there are eight players in his position, but it's not final. I had to choose."

Adding of potential outgoing deals: "The squad is very good, but the window is open.

"I can't say that we won't do anything. Maybe some players will ask to leave. I like the squad."

Arteta said of Odegaard back in May: "Well we have a very clear and strong opinion on what we would like to do. He's not our player.

"We'll have discussions in the next few weeks, but first of all we need to respect that he's a Real Madrid player. We'll have those communications.

"We've tried to make everything that we could to get Martin performing for the team, which I think he's done, and he has adapted really well to our way of playing and to our football club."

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