“Liverpool and Chelsea are in the race for Martin Odegaard as Arsenal fear the £ 50m price tag for Real Madrid.”

Arsenal are reportedly facing competition from Liverpool and Chelsea for Martin Odegaard. The Gunners fear Real Madrid will price the Norwegian at £ 50million.

Odegaard has been an integral part of Mikel Arteta’s team since his loan in January. The club is keen to make his short-term contract permanent at the end of the season.

However, according to the Daily Star, Arsenal are concerned about the prospect of a bidding war with Liverpool and Chelsea interested in making a move for the midfielder.

Arsenal fear Real Madrid will charge £ 50million for the midfielder this summer

The Spanish champions are said to have valued the midfielder at £ 30million, but the Gunners are said to fear Odegaard’s impressive performances could lead them to raise their price to £ 50million.

Arsenal are unable to compete financially with Chelsea, while Paris Saint-Germain are also said to have shown interest alongside Jurgen Klopp’s Reds.

Odegaard made himself popular with Gunners fans when he scored in the Derby win against Tottenham in north London earlier this month.

He was also on target in the first leg win against Olympiacos in the Europa League last year and has played a total of 12 games since moving in January.

The 22-year-old Norwegian has impressed since he was loaned to the Gunners in January

Real Madrid are looking to raise funds to sign Erling Haaland (left) and Kylian Mbappe (right).

Real could still decide Odegaard has a future at the Bernabeu, but the club also want to raise money for their own transfers, with Kylian Mbappe and Erling Haaland topping their list.

Sportsmail reported that Real will do everything in their power to sign the Paris Saint-Germain and Borussia Dortmund stars, who are believed to be the successors to Cristiano Ronaldo and Lionel Messi.

The La Liga side could reportedly sell up to six players to fund transfers with Odegaard, one of the stars they would likely let go of.

Haaland has a £ 65m release clause that will take effect next season. However, Dortmund is demanding around £ 150 million to secure his signature. A bidding war is expected this summer.

Mbappe is under contract until 2022 and would likely cost more with PSG unwilling to sell.