The Gunners have allowed the promising midfielder to spend the remainder of the 2016-17 season at Ibrox, with the youngster excited by the switch
Rangers have completed the loan signing of Arsenal attacking midfielder Jon Toral.
Toral's loan spell at Granada ended after he had only made six appearances in all competitions this season.
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The 21-year-old played regularly in previous season-long loan spells with Brentford and Birmingham City in the Championship and now joins the Scottish Premiership side until the end of the season.
Toral worked with Rangers manager Mark Warburton during his campaign at Brentford in 2014-15.