The Gunners have had a quiet transfer window and they have made just one outfield signing in Calafiori.
The former Newcastle United man has already agreed personal terms on a long-term deal and the onus is now on the Gunners to negotiate a suitable transfer package.
Merino has a £52 million release clause in his contract, but Sociedad are said to be eyeing around £26m as the midfielder has entered the last year of his contract.
In our view, the price is fairly reasonable for Merino, but Arsenal may look to reduce the fee up front with add-ons. It could be a matter of time before a deal is finalised.
Merino, who has been hailed as ‘world-class‘ by Kieran Tierney, should be a fantastic acquisition. He won a stunning 10.2 duels per game last term alongside 6.4 recoveries, 2.4 tackles and 1.9 clearances.
The Spaniard also made 13 goal contributions. He prefers to operate from the number eight role and could be rotated with Kai Havertz in the position at Arsenal.