Arsenal and Real Madrid have reached an agreement for Dani Ceballos’ season-long loan deal, the BBC reports.
The 22-year-old midfielder has decided to leave the Santiago Bernabeu this summer, after two frustrating seasons since he joined from Real Betis.
Ceballos made just 13 LaLiga starts last term under Zinedine Zidane.
The Gunners have now agreed a season-long loan agreement, which will not include a purchase option.
The Gunners will pay 100 per cent of his wages, understood to be £2.7million a year.
Emery is however hoping Ceballos impresses at the Emirates, so a permanent move can be discussed in 2020.