Arsenal will be laughed at if they only offer €12million for Real Sociedad’s promising young star Asier Illarramendi.
Gunners boss Arsene Wenger was reportedly keen on signing the Spain Under-21 international after he impressed at the European U21 Championship in Israel.
Illarramendi anchored the midfield in Spain’s triumphant defence of their title and the reports of Arsenal interest claimed a bid in the region of €12million would be submitted for the 23-year-old.
According to Spanish publication Marca, the Sociedad hierarchy would laugh at such an offer and will be asking for more than double that if they are to sell one of their prized assets.
The report claims Illarramendi has a €30million release clause in his contract and his club will not accept anything lower than that.
Despite Wenger being given substantial funds to spend in the transfer market this summer, it would be out of character for him to spend so much on a single player.
Arsenal are reportedly already close to signing Real Madrid striker Gonzalo Higuain in a £22million deal that will break their transfer record.
It appears a fee in excess of that will be required if they are to sign Illarramendi and the Gunners bargaining position is not very strong.
The player only signed a new contract in November, so still has a significant amount of time left on it and Real Sociedad matched Arsenal’s achievement of finishing fourth last season, securing a Champions League first qualification round place.