The Spaniard has been a key player for Sociedad for the past six seasons, but he could be on the move with his contract expiring next summer.

Barcelona and Atletico Madrid are keen on landing his signature but Football Transfers claim that the Gunners have taken the lead for his services.

The club have now agreed personal terms over a long-term contract with Merino and they are expected to hold formal talks with Sociedad soon.

Merino has a release clause worth £50m in his current contract, but the La Liga outfit are likely to accept around £21m to sanction his departure.

The 28-year-old previously played in the Premier League with Newcastle United and he barely made an impression in his solitary season.

He has the chance to redeem himself with the Gunners. Merino could be used in a rotational role under manager Mikel Arteta next term.

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