Usain Bolt is training with Norwegian side Stromsgodset with a view to becoming a professional footballer, Verdens Gang report.
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The Colorado Rapids completed the signing of midfielder Nana Adjei-Boateng from Manchester City on Tuesday.
Midfielder Mohammed Abu joined Columbus Crew SC on Tuesday as a special discovery player from Norwegian club Stromsgodset.
Everton midfielder Francisco Junior has joined Stromsgodset on a permanent transfer after failing to establish himself at Goodison Park.
"[Odegaard senior] is an ex-player and now he is a very qualified coach," Butragueno said. "He will fit into the technical structure of the club, in the youth set-up."
"It's a dream come true. I think it's amazing and it's an honour to be at the biggest club in the world."
Martin Odegaard has already set a whole host of age-related records, and now he has earned a dream move to Real Madrid.
"I am not sure that the decision [Odegaard] has taken is the correct one. He is 16, I cannot imagine that at this moment he could play for Madrid or Bayern. If he were my son, I would just send him to Holland," Laudrup said.
Odegaard, 16, arrived in the Spanish capital on Tuesday to definitively conclude his move to Madrid, and was at the Vicente Calderon on Wednesday to watch the Copa del Rey clash between Atletico Madrid and Real.
Bayern Munich hope to be "the best looking groom" in the race for the "beautiful bride" Martin Odegaard, the club's CEO Karl-Heinz Rummenigge has said.
Karl-Heinz Rummenigge says Bayern are confident over deal for 15-year-old midfielder, who is also a target for Real Madrid, Liverpool and Man United.
The prodigy, who turns 16 on Dec. 17, had a run-out at the Reds' Melwood training base as part of the trip as he considers his future options, sources have told ESPN FC.
Fifteen-year-old became youngest player to feature in European Championship qualifier and has been linked with clubs including United, Manchester City, Chelsea, Liverpool, Bayern Munich and Real Madrid.
Odegaard currently plays for Norwegian outfit Stromsgodset, where he still is under contract until the end of 2015.
Martin Odegaard became the youngest player to appear in a European Championship qualifier when he came on as a second-half substitute for Norway in Monday's 2-1 win over Bulgaria.
Irish champions St Patrick's are out of the Champions League after a 5-0 defeat saw them lose 6-1 on aggregate to Legia Warsaw in the second qualifying round on Wednesday.
St Patrick's were denied a shock Champions League victory over Legia Warsaw after conceding a stoppage-time equaliser in the first leg of their Champions League second qualifying round in Poland.