El Confidencial have reported that the English side have been asking about the player since September.
Having failed to get a chance in the Madrid side Arsenal’s hopes may improve, although the youngster is reported to be keen to stay for now.
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.