Liverpool have already let one of their star names leave the Anfield as Philippe Coutinho left for FC Barcalona for 160 million euros. The 19-year-old full back was close to a switch to Alavés last summer but Zinedine Zidane blocked the move after the departure of Danilo to Manchester City.
Even if a loan move for Ceballos was likely to be met with short shrift from Real Madrid, the applicable rule now means there is no scope for the midfielder to represent his former club during the 2017-18 season.
Ceballos's situation has caught the attention of clubs here in the Premier League with The Sun claiming that Arsenal, Liverpool and Tottenham are showing a keen interest in offering him a fresh start.
Egypt and Liverpool forward Mohamed Salah won the Liverpool Player of the Month award for December, sweeping up the award for the fourth time in five months since joining the Reds.
"He is still young, improving all the time".
According to the Sky Italia journalist, the Egyptian has been identified by the European champions as a potential "Galactico" signing - concerning news for Liverpool supporters.
Having had a blistering season in Switzerland with Basel, Salah moved to Chelsea in 2014 but failed to impress during his time at Stamford Bridge. Real Madrid must spend big to remind people why they are the biggest team in world football, and the recent 0-3 loss at home to Barcelona in the League showed a widening gap between both clubs.
Of course, the La Liga giants have done very well this season, leading the pack in Spain by 9 points and ahead of Real Madrid by 16 points.