Arsenal completed the season-long loan signing of Real Madrid midfielder Dani Ceballos on Thursday.
The 22-year-old , who has six senior caps and also helped Spain's Under-21s to Euro 2019 success this summer, will spend a year in north London after agreeing to a temporary switch to the Emirates Stadium.
Emery has been operating with a limited budget this summer, but it has been claimed that the Gunners have coughed up a staggering £15million to borrow Ceballos for the campaign, according to The Sun.
He is highly-regarded at the Bernabeu and made 23 LaLiga appearances throughout the 2018/19 campaign, and it is understood there is no option in the deal to make the switch permanent.
The move had been expected but Arsenal head coach Unai Emery threw a little doubt on the deal after Real's Marco Asensio suffered a serious knee injury in a friendly win over the Gunners earlier in the week.
"We're excited to see Dani join us," Emery said on the announcement of the deal.
"He is a talented player with big technical ability, creativity and precision."
Ceballos was Arsenal's second signing of the summer, following 18-year-old striker Gabriel Martinelli from Ituano.
"The coach was the turning point in terms of me joining this massive club," he told the club's official website.
"He's a Spanish coach and he knows me from my time at other clubs. I'm really happy to be able to help Arsenal achieve our objectives.
"I knew I had the confidence of the coach, which was very important for me from the start.
"I was aware of the responsibility that wearing this shirt entails and it was a tremendously proud moment when I decided to join Arsenal.
"He's a very tactical coach and I think that's going to really help me to perfect my positioning. I think we're both going to try our best to make me a better player."
