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Arsenal signs Martin Odegaard from Real Madrid on permanent deal

The Norwegian international did a loan stint last season with the Gunners, but returns on a long-term deal.

Arsenal v Brighton & Hove Albion - Premier League
Martin Odegaard of Arsenal during the Premier League match between Arsenal and Brighton & Hove Albion at Emirates Stadium on May 23, 2021 in London, England. A limited number of fans will be allowed into Premier League stadiums as Coronavirus restrictions begin to ease in the UK following the COVID-19 pandemic.
Photo by Stuart MacFarlane/Arsenal FC via Getty Images

Martin Odegaard has returned to Arsenal, this time on a permanent deal. The club announced the midfielder’s arrival from Real Madrid Friday.

The Norwegian international appeared in 14 games for Arsenal last season on a loan, but went back to the La Liga club at the end of the year. The Gunners desperately need help in midfield with Thomas Partey hurt, and Odegaard is a promising option. He impressed in his loan stint at Arsenal despite only scoring two goals in 20 apperances. His creativity in midfield is something the club desperately needs as it tries to return to the glory days of the early 2000s.

The 22-year old Odegaard will hope to form a dynamic pairing with Emile Smith Rowe for years to come. Arsenal has reportedly secured the Norwegian’s services through 2025 for €35 million with the potential to earn €40 million with add-ons. The club has the opportunity to extend Odegaard’s contract for a fifth year.

Arsenal is +10000 to win the Premier League according to DraftKings Sportsbook, a predictable downgrade from +5000 after an opening loss to Brentford. The Gunners have better odds to finish in a Champions League position (top 4) at +600. They are +175 to finish top 6, which would be good for a Europa League berth.