The midfielder looks to miss some games after suffering an injury during the Olympics while on duty with Spain in Tokyo
Ceballos suffered the injury during the start of Spain’s run in the Olympics, ruling him out for what ended up being the entirety of the tournament.
The injury news comes amid links with a move away from Madrid, with AC Milan among the clubs said to be interested in the midfielder, who spent last two seasons on loan at Arsenal.
“Following tests carried out on our player Dani Ceballos by the Real Madrid medical services, he has been diagnosed with a complete tear in his ankle ligaments,” the club said in a statement.
“His recovery will continue to be assessed.”