The London-born youngster was tipped to follow in the footsteps of Rio Ferdinand, Michael Carrick, Joe Cole and co when he shone on his first-team debut back in 2015, producing a fine performance in a 2-0 away win at Arsenal at the age of just 16.
But Oxford has struggled to build on that outstanding start to his senior career, hardly helped by the sacking of coach Slaven Bilic two years after that eye-catching display at The Emirates.
The now-20-year-old has shown signs of rebuilding his reputation since joining Augsburg on loan in January, making seven appearances so far for the Bavarian outfit.
"He certainly has the potential to become a big player,” Augsburg coach Schmidt said when asked about a permanent move for Oxford.
"He certainly has qualities, but he must not cost anything [more than we can afford]. It has to be in the budget."
Sky Sports claimed recently that Augsburg would have to pay £8 million to sign Oxford in the summer, the club seemingly willing to break their transfer record for a talented defender who will be hoping to follow Jadon Sancho’s lead in Germany’s top flight.
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