Real Madrid are reportedly prepared to allow Dani Ceballos to leave for the right price this summer.
The Spaniard impressed on loan at Arsenal during their triumphant 2019-20 season, playing a key role in their FA Cup win and returning for a second spell in North London under Mikel Arteta.
However, Ceballos has not enjoyed the best of campaigns this time around, with Sunday's game against Brighton & Hove Albion expected to be his final appearance in an Arsenal shirt, should he be selected.
According to Fabrizio Romano, there is "no chance"of Ceballos staying on at Arsenal, and Real Madrid are willing to offload him permanently ahead of the 2021-22 season.
The Spain international, who has scored five goals in 56 appearances for Real Madrid, has previously been linked with a return to former club Real Betis, where he rose through the youth ranks before signing for Los Blancos in 2017.
Ceballos has totalled 40 appearances in all competitions for Arsenal during the 2020-21 campaign - claiming three assists - but he has only started 17 Premier League games so far.