The 24-year-old spent last season on loan at the Emirates Stadium and after an inconsistent start to life in north London, the midfielder became an integral part of Mikel Arteta’s side during the second half of the campaign.
Ceballos formed an impressive partnership alongside Granit Xhaka in the middle of the park and played a key role in helping Arsenal win their 14th FA Cup with excellent performances against Sheffield United, Man City and Chelsea.
The Spanish international returned to Madrid this summer but with a regular start spot in Zinedine Zidane’s side looking unlikely, Ceballos decided another loan move away from the Bernabeu was the best decision.
He had other offers to remain in La Liga but Arteta convinced Ceballos to return to Arsenal and the midfielder reportedly flew-in to North London on Thursday to undergo his medical and put the finishing touches on his move.
The formalities were swiftly completed and Arsenal confirmed on their official website on Friday night that Ceballos has now completed his move to the Emirates and has rejoined the club on another season-long loan from Madrid