Arsenal could rake in as much as £12 million from Carlos Vela's deal with Real Sociedad.

The Telegraph says Real Sociedad have secured the services of Vela until 2018 after Arsenal opted not to take up their option to re-sign the Mexico striker, with the Gunners set to receive up to £12 million from the deal.

Vela has scored 47 goals in 126 matches for Sociedad, helping them finish fourth in La Liga in 2013 and seventh last term.

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