Dani Ceballos will fly into London and put pen to paper on another loan switch to Arsenal today, according to reports in Spain.
According to Mundo Deportivo, Arsenal were exploring the possibility of signing him permanently this summer, only for Real’s £22million asking price to prove too steep in the current climate.
Instead, the Gunners will pay a loan fee of £4million to Los Blancos and keep Ceballos until the end of the 2020/21 campaign.
It is believed there may also be an option to buy included in the deal, which will allow Arteta to go back in for a permanent transfer next summer.
Another Spanish news outlet, EFE, claim Ceballos plans to travel to London today to seal his return to Arsenal.
The 24-year-old will become Arteta’s third signing of the summer, following Willian and Gabriel Magalhaes in at the Emirates.
Brazil star Willian, who departed Chelsea upon the expiry of his contract last month, penned a three-year deal with the Gunners after waving goodbye to Stamford Bridge.
Magalhaes, another Brazilian, completed his £27million switch from Lille on Tuesday, with Arsenal reportedly beating Premier League rivals Manchester United to the defender’s signature.
Arteta has also added Pablo Mari and Cedric Soares to his ranks on a permanent basis following their loan stints in the second half of last season.
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However, The Mirror claim Arsenal are not prepared to end their summer business there.
The north London club plan to offload as many as three first-team stars to fund a move for Atletico Madrid midfielder Thomas Partey, who has a £45million release clause in his current contract.