Ceballos (23), currently on loan at Arsenal, isn't on Zidane's plans for next season. Thus, Madrid are looking for an exit for the CM.
This would only happen on loan. According to 'Súper Deporte', Los Blancos want to get 4 million euros for the loan and the team that also wants Ceballos will have to take on his wage (6.5 million), so the total cost would ascend to 10.5 million.
The Seville native, who signed for Real Madrid in the 2017-18 season from Betis, has played 24 matches, starting 13 with the Gunners. He has scored one goal.
Ceballos isn't closing the door to a change of destination either, as he has a goal to play at the Euros and Olympic Games with the Spanish national team, so he wants a team where he can be important.
He doesn't lack suitors. Betis and Valencia want him. Valencia would have an advantage, as Madrid would want Ferran Torres, so they could offer Ceballos in the deal.