The 26-year-old’s contract with Los Blancos is set to expire at the end of the current campaign, which makes a January exit likely and given Wolves’ need for a creative influence in midfield, he could be a dream signing for Lopetegui.
Ruben Neves, Moutinho and Matheus Nunes have just two assists between them in the top flight this season, which suggests that the Old Gold need far more creativity in the middle of the park, if they are going to improve their goalscoring woes in the second half of the campaign.
WhoScored suggests that Ceballos’ strengths include passing and dribbling, which suggests that he certainly possesses the ability to unlock a defence, and he could come into his own with regular game time at Molineux.
He has already proven himself to be Premier League quality in a loan spell at the Emirates, where he caught the eye in the 2019/20 campaign.
After making his debut in a win over Burnley, he earned a lot of praise from former Arsenal defender Martin Keown on BT Sport.
He said: “It’s been a few years I think since they’ve seen someone this talented in the Arsenal midfield, with the confidence, panache, vision and desire to get on the ball.
“If he can produce that away from home, then Arsenal really will have all their prayers answered this season.
“I think he’s excellent, a really good addition to the group. Hopefully he’s going to have a big future at Arsenal, he’s been miles ahead of anyone else in this game.”
This praise will certainly remind Wolves fans of Moutinho, who also arrived at Molineux having spent time with European giants such as Monaco and Porto.
Since his arrival, the veteran midfielder has gone on to contribute five goals and 24 assists for the Old Gold, with his latest assist coming via a delightful pass to Daniel Podence in the Boxing Day win over Everton.
Unfortunately, these passes are few and far between for the 36-year-old these days and if Lopetegui wants a new creative midfielder in his squad, then Ceballos could be the ideal man.