Arsenal are offering to double Mikel Merino's wages at Real Sociedad.
The midfielder is now ready to leave La Real after helping Spain win the Euros.
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Merino has been linked with Barcelona, but Mundo Deportivo says Gunners chief Edu is moving to blow the Catalans 'out of the water'.
Currently on €3.2m-a-year, Arsenal are prepared to double that salary to bring Merino to London. A deal to 2027 is being drawn up with the option for another year.
Merino's current contract has less than a year to run and carries a €60m buyout clause.