Martin Zubimendi is quoted as saying by the outlet. It's well known that the player does have a release clause in his contract, believed to be around the 60m mark, and that can be easily paid by the Gunners.
Just because a club can meet a valuation and therefore they get to talk to a player because his current club are unable to do a thing about it, it doesn't necessarily follow that they'll be able to land the player.
In this instance, it would merely give Arsenal the chance to make their pitch to Zubimendi, and he's fully within his rights to turn them down.
Imanol Alguacil, has no doubts whatsoever that the player will remain with the club for next season.
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