Tottenham have been linked with Real Madrid ace.
Spanish outlet Cadena COPE report Real Madrid no longer wish to sell the Spain under-21 star.
However Zinedine Zidane is reportedly open to sending Ceballos out on a season long loan, with Tottenham and Arsenal seen as frontrunners.
Ceballos has been impressive on international duty at the European under-21 championships.
This appears to have reminded Real Madrid of the quality which convinced them to buy him from Real Betis two years ago.
Spanish newspaper AS had reported it would need a bid of £45 million to persuade Real to sell.
The Sun's exclusive that Real would sell Ceballos and offer £45 million to sign Christian Eriksen looks wide of the mark at this point.
But if Spurs could land Ceballos on a season long loan as is now being suggested, that's a low risk move the club must look to tie up.
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