£32.67m: Arsenal Agrees Deal For Mikel Merino

Arsenal has reached an agreement to sign midfielder Mikel Merino from Real Sociedad.

The fee is in the region of €38.5m (£32.67m), made up of an initial fee of €33.5m (£28.43m) and a further €5m (£4.24m) in performance-related add-ons.

The 28-year-old has agreed terms on a four-year deal with the option of a further year.

£32.67m: Arsenal Agrees Deal For Mikel Merino

Merino had entered the final year of his contract at the La Liga club and was keen on moving to the Emirates.

The midfielder played in every one of Spain’s matches as they won Euro 2024, including scoring a 119th-minute winner in the quarter-final against Germany.

Merino joined Sociedad from Newcastle six years ago and has gone on to make 242 appearances for the club, helping them win the Copa del Rey in 2020.

He spent just one season at Newcastle under Rafael Benitez and started only 14 Premier League matches.

Merino came through the ranks at Osasuna before joining Borussia Dortmund in 2016, where he won the DFB-Pokal under Thomas Tuchel.