Dani Ceballos move to Arsenal have been completed after they reach agreement with Real Madrid to take player back on loan, MySportDab reports.
The move will see the player return to the Emirates without an option to sign permanent after the end of the move.
Dani Ceballos’s time with Arsenal last season saw them lift the FA Cup after an emphatic 2-1 win over Chelsea.
The Spaniard played a key role in helping the Gunner claim victory on that day with two goals from Aubameyang.
The London club were hoping to buy the player only for Real Madrid to confirm they won’t be selling the player.
After long negotiations with the laliga Champions they have now decided to let him to go on loan once again.
This time Arsenal will cover the full payment of wages for the player as he will spend one season on loan.
The Spanish side are only willing to let the midfielder go if Arsenal pay the £50 million demanded.
Mikel Arteta side recently won the community shield after edging out Liverpool via penalty to open their season with a trophy.