Real Sociedad are hopeful of signing Arsenal forward Joel Campbell this summer.
The Basque outfit, however, have yet to begin negotiations with the Gunners to acquire the Costa Rica international.
La Real, coached by former Everton and Manchester United manager David Moyes, are keen to reinforce their attacking line for the 2015-16 campaign.
When asked about Campbell, Real Sociedad president Jokin Aperribay said: "He is an interesting player for La Real.
"However, at this time there is no negotiation regarding a transfer.
"We have to analyse the financial conditions that this transfer would pose."
Campbell joined Arsenal in the summer of 2011 but has made just four appearances for the Gunners since.
The 22-year-old forward has spent three seasons out on loan at Lorient, Real Betis and Olympiacos.
Campbell came close to joining La Real in the winter transfer market but has played instead on loan at Spanish side Villarreal for the past six months.
"He was saddened not to come to La Real in January and he would happily come back to play in the Spanish league," Aperribay said.