According Mundo Deportivo, Ceballos is understood to be "seriously considering" a transfer a way from Madrid at the end of the season.
The 27-year-old signed a contract extension at the end of last season. But game time has been hard to come by for the Spaniard and is now looking for a move away.
Ceballos previously played in the Premier League for Arsenal, he joined in the 2019/20 season and helped the Gunners win the FA Cup.
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Credit: Getty
Dani Ceballos made 77 appearances for Arsenal
He made 77 appearances in his two years at the club before returning to the Bernabeu.
It is understood the move would only come should Brazilian international Bruno Guimaraes leave Newcastle this summer to alleviate FFP pressures on the club.
Guimaraes has been linked to a move away this summer, with PSG strong contenders for his signature.
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Hopefully it's not an option Newcastle will exercise
Ceballos has a Transfermarkt value of £6.8m, and according to FBRef there are similarities between him and Guimaraes.
One clear difference, however, is the price tag. Ceballos seems like he would be a perfect short-term replacement for Bruno while the club get affairs in order.
This one seems like a no-brainer.
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