With Ceballos out of contract at the end of the season, various clubs are understood to be jostling for position in the hope of signing the promising midfielder.
Having made 34 appearances last term to help Real Betis gain promotion to La Liga, he's featured in his club's two top-flight matches this term following his participation in Spain's victorious Under-19 European Championship campaign over the summer.
Aware that Betis may be willing to sell in January in fear of Ceballos leaving for free at the end of the season, Arsenal and Liverpool are reportedly considering triggering his £7.5m release clause. Scouts from both clubs are understood to have recently watched him in action.
Ceballos will be allowed to speak to prospective clubs in January, at which point he will be free to sign a pre-contract agreement.
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