The Sun claims that Arsenal, Liverpool and Manchester City have been keen, but Manchester United have also entered the race for the 20-year-old and have sent scouts to watch him play.
Odegaard made waves when he joined Real aged 15 as one of the brightest prospects in Europe, but he's been on loan ever since and has only made one appearance for the Madrid first-team. Some reports have suggested Zinedine Zidane is ready to bring the Norway International back into the fold at the Bernabeu, while others claim he's set to move the player on for around €70m.
For the definitive take on Odegaard click here, as ESPN's Tom Hamilton and Eduardo Fernandez-Abascal went to meet him.
LIVE BLOG
20.40 BST: LA Galaxy striker Zlatan Ibrahimovic has been linked with a move to Argentine giants Boca Juniors in recent weeks, and the Scotsman writes that the MLS glamour side is monitoring 23-year-old Rangers forward and Colombia international Alfredo Morelos as a potential replacement.
19.23 BST: Negotiations between Chelsea and Tammy Abraham and Fikayo Tomori -- both of the academy graduates impressing with the first team following sterling loans in the Championship last year - are "progressing well," according to Sky Sports. The report goes on to state that Willian, out of the contract in the summer, has yet to be offered a new deal amid interest from Barcelona in the 31-year-old.
18.06 BST: As we brought you earlier in the day, Real Madrid are keen to add reinforcements to midfield in January, but Marca reports that any business Los Blancos do in the winter window begins with convincing Mariano Diaz and Brahim Diaz -- the latter having joined from Manchester City less than a year ago - to leave the club.
16.59 BST: Chelsea midfielder N'Golo Kante is a man in demand, but it's somewhat surprising to see his former boss Maurizio Sarri linked with him.
Sarri didn't really seem to know what to do with Kante at Stamford Bridge once he had signed lynchpin Jorginho, and the France international was reported to be unhappy with his situation under the Italian.
Now Frank Lampard is in charge of the Blues and Sarri is at Juventus, a move to Turin for Kante seems very unlikely even if a fee of £70m is being quoted by the Daily Mail.
15.42 BST: The Exploding Heads give their take on some Jadon Sancho to Man United speculation.
14.37 BST: Paris Saint-Germain have confirmed that defender Colin Dagba has extended his contract with the French champions until 2024.
The 21-year-old, who was signed from Boulogne after time with Lens' youth academy, is now a France under-21 international after breaking through at senior level under Thomas Tuchel's tutelage last season. Dagba has been used when fit so far this campaign and has been favoured ahead of Belgium international Thomas Meunier at times.
"It is a source of great pride to extend with PSG -- a very big club," Dagba said. "I am very proud and very happy as it makes everybody around me happy, particularly my family. I hope this is simply a stage of my career with PSG. I am very happy and I hope to continue here for as long as possible."
"I have been injured for three weeks, but it is getting better. I am still recovering, but I am already doing rehabilitation on the pitch with a trainer. If all goes well, I should be back in training in about 10 days. The international break will aid my return. I hope to stay fit for the rest of the season and show what I can do on the pitch.
"Personally, it has always been the same for me: I want to play as much as I possibly can. I want to show my quality on the pitch. When the coach calls on me, I will try to respond at 200 percent."
Meanwhile, fellow youngster Garissone Innocent also extended his contract with the Ligue 1 giants shortly after.
14.21 BST: Claudio Marchisio has announced his retirement. The Italy midfielder spent his entire career at Juventus before moving to Zenit for one season last summer.
13.56 BST: Former Juventus boss Massimiliano Allegri will not accept another managerial role this season and is taking a sabbatical, according to ESPN FC sources.
Recent reports had seen Allegri, 52, linked to the Manchester United job, following an underwhelming start to the campaign for the Old Trafford side, but sources said he does not want to take a new job midway through the campaign.
13.17 BST: Sources have told ESPN FC that a number of Tottenham's key players are growing unhappy over the situation at the club. Not surprising after being beaten 7-2 by Bayern Munich in midweek, but could it have ramifications in the transfer market?
The Times reports that "Tottenham fear that a disillusioned Harry Kane could join the growing list of senior players who want to leave in the summer."
Kane, 26, wants to win trophies (obviously) and may start to wonder if he can fulfil that ambition in London. However, he did sign a six-year contract in 2018, so Spurs will hold all the cards and will expect a fee of at least £200m for the striker.
12.02 BST: Former Manchester United striker Mipo Odubeko is a free agent, having been released this summer, and West Ham are keen on him, according to Football Insider.
Odubeko, 16, is a Republic of Ireland Under-17 international and reportedly rejected a two-year contract offer from United.
11.14 BST: Arsenal spent £72m on Nicolas Pepe this summer and the signs have been mixed so far.
10.32 BST: LAFC striker Carlos Vela has refused to rule out a move to play with Gio Dos Santos at America in Liga MX.
Call us when he either rules it out, or says he's moving.
09.44 BST: They may not get Donny van de Beek but Real Madrid are still considering bolstering their squad in January, according to Marca.
Tottenham's Christian Eriksen is still an option, given his contract expires in the summer, but a new name on the list is 16-year-old Rennes starlet Eduardo Camavinga.
09.00 BST: Ajax's Donny van de Beek all but ruled out a January move to Real Madrid after Ajax's impressive 3-0 win over Valencia in the Champions League on Wednesday.
"I don't want to leave during the winter break," Van de Beek told VI. "I play here all season. I finish at Ajax this year. That gives me clarity and tranquility. I will see what happens next. Maybe someday in my career it will happen that I switch club during the winter break, but now I don't like it."
PAPER TALK (by Liam Wheeler)
Man United, Juve, Inter set to battle it out for Rakitic
Manchester United face a battle to land Barcelona star Ivan Rakitic, with top Italian sides Juventus and Inter Milan joining the race to sign the Croatian, according to Calciomercato.
United have lacked both depth and leadership in the ranks this season, and Ole Gunnar Solskjaer has identified Rakitic as the ideal man to lend some vital experience to his squad when the transfer window opens in January.
Barca are said to be keen to offload the World Cup finalist, who has started just once in La Liga this season, with reports suggesting that the Spanish side are willing to part with Rakitic for £50m.
But United look set to be scuppered in their attempts to sign the midfielder, with reports in Italy suggesting that the Red Devils will miss out on the man believed to have topped their wishlist for some time.
United preparing £80m bid for Maddison?
Manchester United are ready to raid Leicester City again, this time for highly rated midfielder James Maddison, the Daily Mail reports.
The Red Devils have been repeatedly thwarted by a lack of creativity this season, and reports suggest that Solskjaer is ready to test Leicester with an £80m bid for their star asset following his bright start to the season.
Maddison has strung together a series of impressive performance in Leicester's midfield, while United have been left short on attacking options by injuries to Marcus Rashford and Anthony Martial.
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Barcelona reignite their interest in Willian
La Liga champions Barcelona are ready to hijack a Juventus bid to sign Chelsea attacker Willian, according to Calciomercato.
Ernesto Valverde is believed to be keen to bolster his attacking options with his side fourth in La Liga following an underwhelming start to the season that has seen the Spanish giants lose twice in their opening seven games.
Willian has been heavily linked with a move to Camp Nou for the past two seasons, but Chelsea fought hard to keep hold of the Brazilian last season while also resisting interest from Bayern Munich for Callum Hudson-Odoi.
But the 31-year-old could be ready for a fresh challenge after joining the Blues from Anzi Makhackala six years ago. The bad news for Barcelona? Willian has undergone a recent resurgence at Chelsea, scoring in two consecutive games for the Blues.
Tap-ins
- Bayern Munich are eyeing up a move for Birmingham City's teenage sensation Jude Bellingham, according to the Sun.
The German Champions are keen to recruit more young English talent following the success of England striker Jadon Sancho in the Bundesliga and look set to turn their attention to Bellingham after failing to land Hudson-Odoi in the summer. The 16-year-old has already made six appearances in the Championship this season, scoring twice, and recently captained England's under-17s to victory at the Syrenka Cup.
