Spanish journalist Siro Lpez has stated that Atletico have already reached an agreement with the midfielder.
Now, however, Mundo Deportivo says that an agreement is not in place between the parties.
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Sources inside Atltico Madrid have made contact and insist there is no interest at all in the midfielder.
At the same time, Atltico Madrid instead have midfielders such as Mats Wieffer (Feyenoord) and Matt O'Riley (Celtic) on their radar.
Ceballos signed a new contract with Real Madrid ahead of the season. The new agreement runs until the summer of 2027.