Arsenal quoted price tag to sign Daniel Ceballos

Real Madrid have reportedly informed Arsenal that they will need to pay a fee of around £36m to sign Daniel Ceballos on a permanent basis.

Ceballos joined the Gunners on loan from Los Blancos at the beginning of the season and he has experienced an indifferent season where he has been hampered by form and injury concerns.

Still, he has made 23 appearances in all competitions for the club and has recently become a regular in the centre of the park under manager Mikel Arteta.

Earlier this month, Arteta denied any discussions between the sides over Ceballos' future but The Mirror claims that the Gunners already know the asking price for Ceballos' services.

Los Blancos are keen to raise funds for a summer spending spree and it is claimed that they are prepared to sell Ceballos, provided the Gunners meet their £36m price tag.

Ceballos, who graduated through the Real Betis academy, has more than three years remaining on his contract at the Bernabeu. He was the subject of interest from Liverpool prior to making the loan move to the Emirates.