The Spanish midfielder is hoping to carve out a spot for himself in the first-team when he returns from his season-long loan at Brentford.
Toral, 20, joined Arsenal from Barcelona in the summer of 2011 along with teammate Hector Bellerin, following in the footsteps of fellow La Masia product Fabregas, who made the same move in 2003.
After breaking into the club’s Under-21s last season, scoring six goals in 20 appearances, the Spanish midfielder was loaned out to Brentford for the 2014-15 campaign in August, and has since proved a core contributor to Championship side’s promotion push.
A hat-trick in the 4-0 thumping of Blackpool earlier this week sent a clear message to Arsene Wenger about his potential and, having seen close friend Bellerin become a regular starter in recent months, the former Barca trainee is hoping to follow suit.
Toral stresses that it is still too soon to compare him to Fabregas but, as a slick-passing number 10, admits that the former Gunners captain is an example to look up to.
“It would be a dream to play in the Arsenal first-team and to play with Hector. I have already played some friendlies with them but I am yet to make my debut," he said. "Since I was a kid I had the dream to play in the Premier League.
"When I was a kid I tried to mirror Gerrard, Lampard, Iniesta or Xavi. Also Cesc. You try to copy the Spaniards because are very talented, but also the English.
"Cases like the Fabregas one pushed you a little bit but it is not good to compare with players like him who are major stars. Fran Merida [another La Masia product] was a really good player and couldn't thrive in the first-team.”
Toral’s contract is set to expire in the summer but, even with Arsenal’s plethora of attacking options, he is hoping to return to the Emirates next seasons to fight for a place in the first-team dressing room.
"My contract at Arsenal is due to expire in the summer but they have an option to renew me,” he added. “I am working hard to make the decision easier for them.
"My position is complicated because there are great players in the first team but I wish to have the luck. It would be great to learn from those players.”