The Gunners have turned their attention to the Basque playmaker as part of a squad renewal in the coming months.
Reports from FootballTransfers.com have indicated that a deal is in place to see Zubimendi move to north London following weeks of contract negotiations.
Martin Zubimendi at the Gunners?
As part of the negotiations, Arsenal are reportedly willing to double Zubimendi's current salary to around €80,000 per week and pay his €60 million release clause.
Zubimendi has already opted against a move to the Premier League, but his former La Real teammate Mikel Merino worked to persuade him to join Arsenal.
-However, despite Arsenal's best efforts to speed up the process, Zubimendi is not expected to leave San Sebastian in the January window, with a summer transfer the best solution for all parties.
The likely prospect of Arsenal being able to bid in the Champions League next season is also a key pull factor for the 25-year-old.