Real Madrid midfielder returns to the Emirates after an impressive first Premier League crusade Mikel Arteta.
Arsenal will have a clause for the 24-year-old to remain permanent at the end of the season.
Boss Arteta is very happy to conclude the deal and told Arsenal’s official website: “Dani was an integral component of our team last season and finished the season in the right way.
“I love Dani’s hobby and commitment, and he’s a very professional player.
“We are very happy to welcome you again and we can’t wait to see him continue where he left off.”
Ceballos, a key figure in Arteta who helped the club lift the FA Cup.
Technical director Edu added: “We are very happy to have Dani with us for the new season.
We all know his qualities after a 2019/2020 campaign, which ended in a key role in our success in the FA Cup.
“We are very happy to bring Dani on the list of players we are recruiting.”
Ceballos will still be wearing the No8 shirt.
He has two assists in 22 Premier League appearances with the Gunners and has played 37 in all competitions.
Your arrival is most likely to see the departure of Lucas Torreira sought through the Fiorentina.
The Uruguayan paria is subject to an offer of 24 million pounds from Serie A, and Arteta hopes to raise funds and achieve other goals.
The Spaniard needs to use the money generated to sign Thomas Partey from Atletico Madrid and Houssem Aouar from Lyon.
Both players are expected to earn 90 million pounds as Arteta prepares a primary reorganization of her midfield.
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