Arsenal are closing in on the loan capture of Martin Odegaard this January transfer window, with the exact financial details of the move being revealed.
Strapped for cash this month, Arsenal have had to steer clear of their intended primary targets. Among the long-standing interest in Houssem Aouar, Arsenal have been keeping a close eye on Emi Buendia at Norwich.
The Argentine would offer creativity in abundance but would only depart Norfolk if the Canaries were to receive a monumental bid exceeding £40m, a price tag the Gunners simply can’t afford.
Due to that, loan deals have become the most viable option. Christian Eriksen and Isco were sounded out as potential stop-gaps, although neither fit the profile of player Arsenal were after. Following the revelations regarding Martin Odegaard‘s desire to leave Real Madrid for regular playing time, a second approach for the 22-year-old was made successfully.
How much Arsenal will pay for Martin Odegaard
Set to arrive in north London on Monday to finalise the deal, Arsenal have secured an exciting talent hungry for success, but of equal importance to them, they won’t be breaking the bank.
As revealed by The Times:
"“Arsenal have agreed to pay a £1.8 million loan fee for the creative midfielder plus his wage of £38,000 a week, which would make the total outlay about £2.5m until the end of May.”"
With some total outlays projected to be as high as £6m, news of the minimal expenditure elevates the deal beyond its original impression. A major coup on the club’s part in the first place, knowing that they only need spend as little as £2.5m for six months service is excellent business.
Money is being freed up by this window with players departing both on loan and permanently, and while the termination of contracts for both Sokratis and Mesut Ozil (eventually) will still see Arsenal pay out the vast majority of the money they owe the duo, some will be saved.
Beyond that, Sead Kolasinac moved to Schalke 04 temporarily earlier in the month and the German side coughed up a €3m loan fee, the entirety of what Arsenal will pay for Odegaard.
Mikel Arteta‘s phone call to the midfielder helped persuade him, a key aspect in the negotiations. While there is no purchase option, the situation will be reviewed in the summer. Until then, Arsenal have pulled off a fine deal.