The Reds have a history with the talented Norwegian having tried to sign the boyhood fan as a teenage sensation from Strømsgodset IF.
Since arriving in the Spanish capital as a wonderkid, Ødegaard has struggled to have the desired impact at the Bernabeu.
Twitter: Liverpool are ‘in love’ with Martin Odegaard and plot summer transfer, according to reports
#LFC… https://t.co/0khPoc2fyE (@LivEchoLFC)
The report claims both Chelsea and Arsenal are keen on the 30-cap Norway captain after the star spent the second half of last season on loan in North London.
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Signing the Norwegian would certainly give Jurgen Klopp additional firepower in an attacking sense.
Albeit a player more in the mould of Philippe Coutinho than Gini Wijnaldum, Ødegaard can certainly operate from central midfielder as well as providing from wide areas.
Valued at £36million and under contract in Spain until 2023 (Transfermarkt), the mooted £43million asking price would be a worthwhile expenditure on a player brimming with talent.
As compatriot Erling Haaland potentially becomes available next summer, could landing Ødegaard give the Reds the upper hand in pursuit elsewhere?