Dani Ceballos will fly into London and put pen to paper on another loan switch to Arsenal today, according to reports in Spain.

Mikel Arteta has spoken openly about his desire to re-sign Ceballos from Real Madrid after his impressive loan stint at the Emirates last season.

The midfielder became a crucial member of his side, playing an integral role in their FA Cup semi-final and final triumphs over Manchester City and Chelsea.

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.

Dani Ceballos will fly into London and put pen to paper on another loan switch to Arsenal today

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.

Gunners boss Mikel Arteta wanted to sign the midfielder permanently, but Real Madrid's £22million asking price could not be met

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.

Ceballos will become Arteta's third signing of the summer, with Willian joining on a free transfer last month

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.

Gabriel Magalhaes also completed his £27million switch from Lille on Tuesday

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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.