Arsenal have asked Real Madrid to name their price for Dani Ceballos.
The 22-year-old made just 13 starts in La Liga last season and has endured two largely frustrating campaigns at the Santiago Bernabeu.
Sport says Arsenal transfer chiefs have asked about developments with Ceballos.
The Gunners have limited funds this summer after missing out on the Champions League, meaning Unai Emery must work smart in the market.
Ceballos remains eager to prove his worth in the Spanish capital – but is aware that he may need to move to “feel important”.