La Liga side Real Sociedad have ruled out a move for 32-year-old Arsenal defender Nacho Monreal, due to the Gunners' unreasonable price tag.

According to Mundo Deportivo, the Basque club have been put off a move due to the hefty transfer fee Arsenal are requesting for the 32-year-old defender, whose contract in north London expires next summer.

Arsenal are not keen on letting one of their key players leave, hence the unspecified but apparently sizeable price tag. 

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Real Sociedad reportedly conducted a thorough search for a left back, with Monreal fitting their requirements perfectly as an experienced player who has played at the highest level with Arsenal. They also view him as a good potential mentor for their young defender, Kevin Rodrigues.

The Gunners signed Monreal from Malaga back in 2012, for a fee in the region of £15m. He has gone on to have an impressive career at the Emirates Stadium, and played 26 Premier League games over the course of last season.

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Having recently returned from the World Cup with Spain, Monreal remains on holiday and is due to return to Arsenal for pre-season training next week.

Arsenal are set to continue their pre-season friendly schedule with International Champions Cup clashes against Atlético Madrid, Paris Saint-Germain and Chelsea.

They will then travel to Stockholm to take on Sevilla, before starting their Premier League season at home to Manchester City on August.

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The Gunners have made five signings so far this summer, with the arrivals of Bernd Leno, Stephan Lichtsteiner, Sokratis Papastathopoulos, Lucas Torreira and Matteo Guendouzi.