Real Madrid will reportedly demand a buyback clause in any summer permanent deal with Arsenal for midfielder Martin Odegaard.

The Gunners have been alerted to the Norwegian’s availability and have reignited their efforts to land the ace for a second spell at the club.

Manager Mikel Arteta made it clear at the end of last term that he was keen for Arsenal to keep Martin, and the north Londoners were interested in extending the player’s loan deal for another season.

However, Los Blancos had initially planned to keep the player and gave Carlo Ancelotti the chance to make a final decision over the playmaker’s future.

According to ABC, the Italian has told Odegaard that he is part of his plans but isn’t able to guarantee him a regular role in the first team as Casemiro, Luka Modric and Toni Kroos are still at the club.

The report states that Odegaard is now unsure over his long-term future and is considering a return to the Emirates as he knows he will be handed more minutes by Arteta.

ABC report that the Gunners have not yet submitted an offer to the La Liga side, while Madrid are demanding a €50m (£42.7m) transfer sum plus a buyback option as part of the deal.

Arsenal, meantime, are considering a swoop for James Maddison as an alternative to Odegaard but Leicester City rate the 24-year-old at £70m.