Real Madrid are dropping their price for Martin Odegaard.

ABC says Real Madrid are prepared to lower their asking price for Odegaard this summer.

Arsenal will only have to pay £34m up front, but Los Blancos want £8.5m in potential add-ons as well as a buy-back clause.

However, Arsenal will only pay £25m for the Norwegian, who spent the latter half of last season at the Emirates.

For his part, Odegaard is prepared to leave Madrid this month.