Arsenal chief Edu hasn't given up on trying to reach agreement with Real Sociedad for Mikel Merino.
Merino is keen on a move to London, but the two clubs are at odds over a fee for the Spain midfielder.
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The Independent says Arsenal's last offer was for £21m, while La Real are demanding £30m to sell Merino this month.
Gunners chief Edu is seeking a compromise, which would see them reach La Real's valuation by staggering payments over several years.
However, the LaLiga club are demanding the majority of the fee be paid up front.