The 28-year-old Spaniard, fresh from his Euro 2024 triumph, has emerged as a key target for the Gunners, who are looking to strengthen their midfield options.

Additionally, Arsenal's willingness to consider offers for Partey, who has only one year left on his contract, suggests that Merino could be viewed as a long-term replacement for the Ghanaian international. The departure of Mohamed Elneny and potential departure of Emile Smith Rowe further emphasise the need for midfield reinforcements.

However, Atletico Madrid is also in the race for Merino's signature, although their pursuit faces complications. Real Sociedad is demanding a significant fee for their star midfielder, with his release clause set at EUR60 million. Atletico is reportedly hesitant to meet this valuation, especially considering their ongoing pursuit of Conor Gallagher from Chelsea, which would also require a substantial financial outlay.

Merino himself has requested time to evaluate the offers on the table before making a decision, but Atletico may not be willing to wait. The Spanish club is eager to finalise their summer transfer business, and Merino's indecision could lead them to pursue alternative targets.

Meanwhile, Arsenal's interest in Merino continues to grow, especially after reportedly closing in on the signing of defender Riccardo Calafiori from Bologna. The Gunners are clearly intent on strengthening their squad for the upcoming season, and Merino's acquisition would represent a significant statement of intent.