The Gunners were believed to be interested in adding Joe Willock, Reiss Nelson, or Ainsley Maitland-Niles to decrease the cash cost, but the Gunners may now accept that cash is the only option to get Maddison's signature.
The Foxes are asking approximately £70 million for the 24-year-old, but Arsenal will need to free up some funds before making a bid.
As the north Londoners want to sign Maddison, Hector Bellerin, Sead Kolasinac, Ainsley Maitland-Niles, Willian, Reiss Nelson, and Eddie Nketiah are all said to be available for transfer.
According to Cuarto, Ancelotti is keen on keeping Odegaard at the Bernabeu because to an injury to Toni Kroos.
The 22-year-old has been linked with a £35 million permanent transfer to the Emirates in the previous few weeks after impressing Mikel Arteta during his loan stay in North London last season.
Arteta is anxious for a long-term replacement for Mesut Ozil at Arsenal, but Kroos' injury means a move for Odegaard appears to be off the table, with Ancelotti planning to deploy the Norwegian youngster as midfield backup.
News Credit: The Sun
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