Real Madrid are reportedly ready to use Dani Ceballos as part of a deal to bring Arsenal captain Pierre-Emerick Aubameyang to the Bernabeu.
Aubameyang has enjoyed a stellar campaign with Mikel Arteta's side throughout the 2019-20 season, netting 20 times in all competitions.
However, the 30-year-old's contract at the Emirates is set to expire next summer, and speculation has been rife regarding his future.
According to Diario Madridista, Zinedine Zidane's side are prepared to offer Ceballos to the Gunners on a permanent basis in order to aid their pursuit of Aubameyang.
The report also claims that while Los Blancos are keen admirers of the Gabon international, they are prioritising moves for Tottenham Hotspur's Harry Kane and Borussia Dortmund's Erling Braut Haaland at this moment in time.
Ceballos has made 24 appearances during his loan spell with the Gunners this season.