Arsenal paid Real Madrid in excess of £15million to complete a season-long loan deal for midfielder Dani Ceballos, the UK Sun reports.
The Spaniard’s move to the Emirates was confirmed on Wednesday following weeks of negotiations between the two clubs.
Ceballos is valued at around £45million and the Gunners had to fight off late interest from rivals Tottenham, to get the deal over the line.
The deal is believed not to include an obligation to buy as Madrid value him so highly that they feel they can extract a large fee next summer.
The 22-year-old will spend a single season at the Emirates, though Arsenal will undoubtedly look to make the move permanent should he prove a success.
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