Chelsea and Liverpool are ready to rumble Arsenal plans for on-loan Real Madrid midfielder Martin Odegaard.

Arsenal hope to sign Odegaard on a permanent deal this summer - although Madrid refused to include an option for the Gunners to buy him outright as part of the loan agreement.

There has been talk that Los Blancos chiefs want the No10 at the Bernabeu next season his fine form for the Gunners.

But even if the La Liga giants do agree to sell, a bidding war could ensue, with Chelsea and Liverpool among those interested.

And Arsenal fear Odegaard's price could have sky-rocketed to £50m by the end of the season, says the Daily Star.