Arsenal are still keen to add an attacking midfielder after missing out on Norwich City star Emiliano Buendia.
The Gunners launched a bid in the region of £30million for the Argentinian, but he now looks destined for Aston Villa.
It has been reported that Villa’s second offer was more appealing to the Canaries, as well as the player being presented a more clear vision of his use in their team..
Despite the emergence of Emile Smith Rowe last term, manager Mikel Arteta and technical director Edu are looking to bring in extra creativity during the summer window.
Football.London claim that the club’s priority is on bringing Martin Odegaard back to The Emirates after impressing on loan last term.
Odegaard signed in January and became a key component of Arteta’s squad in the closing months of the campaign.
The Arsenal boss has made it clear that he would like the Norwegian to return, as discussions with Real Madrid remain ongoing.
“We have a very clear and strong opinion on what we would like to do,” said Arteta when asked about Odegaard.
“He’s not our player. We will have discussions in the next few weeks. And respect first of all because he’s a Real Madrid player, and we will 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’s adapted really well to our way of playing and to our football club. And hopefully we have given him as well the hope and the feeling that it could be a good place for him.”
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The midfielder’s future at the Bernabeu is uncertain, particularly after the appointment of Carlo Ancelotti as manager earlier this week.
Ancelotti was the man in the dugout when Odegaard was signed as a 15-year-old and he has offered an olive branch in regards to his involvement next season.
The Italian namechecked him, alongside fellow loanees Gareth Bale and Dani Ceballos, hinting they could be given a fresh chance.
“With this squad, without loan players like Bale, Odegaard and [Dani] Ceballos, Madrid reached the Champions League semis and fought for La Liga,” said the 61-year-old. “So we have the players to win trophies.”
Odegaard himself has admitted that Ancelotti’s return to Los Blancos is a positive for him as he looks to become a regular in the Spanish capital.
“He is a coach I know and with whom I had a good relationship when he was last there,” Odegaard told TV2 earlier this week. “In that sense, it is positive.
“But beyond that, one day has passed, so I do not know too much about what he thinks about things.”
Ruben Neves is the latest name to be linked with a potential move, with Wolves believed to be holding out for around £35million.