Ceballos, 23, joined the Premier League side on a season-long loan in July, and he made 24 appearances before the campaign was suspended due to the coronavirus pandemic.
The nine-time Spain international is contracted at Madrid until 2023 and he is eager to take his chance with the LaLiga giants.
“I am happy and I have a contract with Real Madrid,” Ceballos told Deportes Cuatro on Wednesday.
“I am 23 years old, I have not passed the rice. Now I feel much more a player and I am prepared for any challenge that comes my way.”
Ceballos joined Madrid from Real Betis for a reported €18million in July 2017.
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