Arsenal have submitted an opening bid of £42million to Real Madrid for midfielder Dani Ceballos, according to reports in Spain.
Ceballos is set to leave the Bernabeu this summer in search of regular first-team football.
The midfielder has been heavily linked with Tottenham but Spanish publication Eldesmarque claim their north London rivals have firmed up their own interest with an official offer.
Ceballos, 22, is highly-rated despite struggling to break through at Real and recently starred for Spain as they won the Under-21 European Championships.
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