Real Sociedad were interested in signing him this month, but it seems the Gunners have won the race for the Norwegian attacking midfielder.
Odegaard spent a fruitful loan spell at Sociedad last season, and it was expected that he would join them this month. However, a late move from Arsenal has made him change his plans.
The 22-year-old is a highly-talented player but he has become surplus to requirements at Madrid at the moment. He has struggled for regular games this season, and a move away from Los Blancos makes a lot of sense.
Romano has now delivered the latest update on Twitter and Arsenal fans will surely love this. It looks like Odegaard is now pushing the deal through, and it is only a matter of time now before the two clubs will reach an official agreement.