Real Madrid reportedly want a buyback clause inserted in any deal that would see midfielder Martin Odegaard leave the club this summer.
The 22-year-old was on loan with Arsenal last season and Mikel Arteta is keen to lure the Norwegian international back to the Emirates.
A permanent exit from the Santiago Bernabeu is expected for Odegaard, as newly-appointed head coach Carlo Ancelotti has told the playmaker that he is not guaranteed regular first-team football.
Odegaard is now considering his options and is open to a return to Arsenal, even though the North London club will not be competing in a major European competition for the first time in 25 years.
According to The Mirror, Real would be willing to accept an offer worth £42.7m, but insist that a future buyback clause must be included as part of the deal.
Odegaard made 20 appearances for the Gunners across all competitions last season, scoring two goals and providing two assists.
Oliver Thomas
