Real Madrid ready to extend Odegaard deal with a €350m release clause

Martin Odegaard returned to Spain in the summer after spending the last two seasons on loan in the Eredivisie, with the Norwegian playmaker demonstrating the quality that saw Real Madrid sign him as a 16-year-old.

He swiftly joined Real Sociedad on a two-year loan and has shone at the Reale Arena, scoring two goals and providing two assists to help propel La Real up to fifth in the table, two points off Real Madrid in first.

Odegaard’s intention is to remain at La Real for the duration of the loan, as he stated in an interview, before returning to Los Blancos, but given the standard of his performances, the 20-year-old has attracted interest from several Premier League sides.

Manchester United are one of the teams keen on signing Odegaard, while Wolverhampton Wanderers, Manchester City and Arsenal are also tracking the playmaker.

In fact, The Sun report that United sent several emissaries to Spain to track Odegaard’s performances.

Real Sociedad and Real Madrid have an agreement for a 1+1 loan deal, given that two-year loan deals are not an option in Spain.

However, given the underwhelming nature of Los Blancos’ start to the season, various Real Madrid fans have asked for Odegaard’s loan to be cut short, which could happen should both sides agree to it.

There has been speculation in recent days that the former Stromsgodset star’s release clause is 80 million euros, but that couldn’t be further from the reality.

Real Madrid have a policy of protecting their young players from Europe’s other rich teams, so before Odegaard joined La Real on loan, he signed a new deal until June 30, 2023, with a release clause of 350 million euros, an ‘unattainable’ price right now for any club in the world.

In any case, Odegaard seems destined to succeed at the highest level of football, either at Real Madrid or at another team, and who knows, in a few years’ time, a club might be willing to pay his 350 million euro release clause.