According to the newspaper, Sociedad is interested in having the 20-year-old on a one-year spell after Asier Illarramendi left for Real Madrid and Jonathan Dos Santos decided to stay at Barcelona. Chelsea isn't expected to sell the youngster outright.
It would be a bit of a surprise if McEachran left for Socieded considering he was largely expected to play in the Premier League or the Championship next season, but it may work out for the best.
McEachran made 38 appearances for Championship side Middlesbrough last season. He formed a strong midfield partnership with Grant Leadbitter, earning Young Player of the Year honors after the campaign.
Now, the Oxford native may be headed to Sociedad to vie for the Champions League trophy. Socieded finished fourth in La Liga last season behind Barcelona, Real Madrid and Atletico Madrid, earning a spot in the Champions League.
While it will certainly be a vast step up for McEachran, imagine the kind of experience he will get next season if he is loaned out to Sociedad. It is a great opportunity for Chelsea to get him more prepared for the EPL as the youngster continues to grow.
Would this be a good move for Chelsea?
The Blues clearly think very highly of McEachran. His composure, vision and passing ability are impressive for his age. Speaking to Sport, former Chelsea player and former Blues assistant Ray Wilkins compared McEachran to Liam Brady back in 2011.
But Chelsea isn't the only organization that thinks highly of the youngster. Stuart Pearce, the former England U-21 manager, compared McEachran to Jack Wilshere.
And for those worried that competing in the Champions League may actually hurt McEachran—given the formidable jump in class—know that another one of the midfielder's greatest attributes is his football intelligence. He sees things before they are there and is able to surpass his shortcomings now with an incredible encyclopedia of knowledge about the game (he grew up idolizing Zinedine Zidane).
It appears the loan of McEachran would work for both sides. Chelsea should go through with it. The club will be glad it did down the road.