Only Nicolas Pepe (12) has created more chances for the Gunners in the league than Ceballos (9).
He is yet to score in the Premier League but has provided two assists - no Arsenal player has registered more.
The 31-year-old Frenchman has been leading the line for Madrid after Cristiano Ronaldo's departure and has been one of the few positives for the club in what has been a problematic one and a half years.
The Spain worldwide joined the Gunners from Real in July on a season-long.
"My idea was to leave, play and enjoy football".
"I was clear that I wanted to leave". I am not going to think about what is going to happen after the Euro's, if I'm going to stay at Madrid or not.
Spain face Norway and Sweden during the worldwide break.
Meanwhile, Dani Ceballos praised Sergio Ramos and Sergio Busquets: "Ramos has won it all at the club and national team level. Despite having a lot of experience he continues to demonstrate the ambition of a young man, that ambition makes him different from the others".
Real Madrid midfielder Isco was one of the Whites' most instrumental players when they won three UEFA Champions League titles in a row, but since Santiago Solari started to bench the Spain global consistently earlier during the year, things started to go downward and not even Zinedine Zidane has been able to get the best out of the attacking midfielder.