It is believed a deal can be struck in the coming days.
Arsenal are in advanced talks with LaLiga giants Real Madrid over a deal to sign midfielder Dani Ceballos on another season-long loan.
The Spaniard has a good spell with the Gunners who won the 2019-20 FA Cup.
Head Coach Mikel Arteta has often revealed his desire to bring Ceballos back to the Emirates, and the Gunners boss also confirmed the player’s desire to return to the club.
Sky Sports reports that Ceballos is keen to be playing regular football ahead of next summer’s European Championships.
Los Blancos have 33 senior players in their side and coach Zinedine Zidane is looking to trim his team ahead of the new LaLiga campaign.