Arsenal have reportedly had an offer of £25 million rejected by Real Madrid for midfielder Dani Ceballos.
The Gunners signed the Spain international on loan for the 2019-20 term from Los Blancos, although there is not an option to make the move permanent.
However, according to ElDesmarque (h/t Jordan Seward of the MailOnline), Arsenal have already made an attempt to make it a long-term deal. The initial offer is said to have been rejected by Real Madrid, although the La Liga giants are reportedly ready to accept a bid in the region of £30 million after lowering their valuation of the player.