The 16-year-old is one of the most highly rated prospects in the European game and the paper’s report states that the Spanish giants are looking to loan him out for the coming season.
Celtic will be one of the clubs on the table in terms of potential destinations and it will be interesting to see whether Ronny Deila’s Norwegian roots are enough to tempt him into a move to Parkhead.
“I don't know anything about the Celtic interest, but it is of course very flattering,” he said.
“If the right offer comes along from an overseas club then I would consider it, but it all depends on which club is making the offer.”
Celtic are an ideal club for Real Madrid to send a player to because it’s somewhere the player can get used to the constant pressure for silverware and success.
Ronny Deila being a Norwegian along with midfielder Stefan Johansen, is something which could also help him settle into life in Scotland, with the trio sharing a mutual connection.
It could also be character building for him because he’d have to work very hard to see any game time in Deila’s squad.
Johansen was superb in the attacking midfield role for the Bhoys last season and it would be bizarre for Deila to initially move him and change his role in the middle of the team.
Whether Odegaard would be prepared to embrace that challenge remains to be seen, but if he’s not then it’s arguable that he’s not the sort of player that Deila should be targeting.
Deila and Celtic could be perfect for Odegaard’s development, but whether they can put forward a better proposition than the player staying in Spain remains to be seen.