Arsenal playmaker Santi Cazorla is likely to return to La Liga to join Atletico Madrid, reports in Spain claim.

The 29-year-old Spanish international move to the Emirates Stadium in the summer of 2012 after the Gunners paid Malaga £15m to secure his services.

Cazorla became a key asset for Arsene Wenger since his very first day at the club but according to Spanish newspaper AS he is now likely to move to the La Liga champions.

After Diego Ribas confirmed his departure and with a number of stars ready to leave the Vicente Calderon this summer including Diego Costa, Filipe Luis and Tiago, Diego Simeone's side will be desperately looking to re-strengthen in creative areas and have reportedly approached Cazorla.

The report suggests the Spaniard "is not only willing to listen to an offer from Atletico but would actually gladly make the move back to Spain."

Atletico have been monitoring Cazorla for some time, having approached the player to discover what his intentions are in the future last summer.

However, AS understands Arsenal will not let Cazorla leave for less than £20m, a fee that Atletico consider too high for a player close to his thirties and with just two years remaining on his current contract at the Emirates.

Earlier this season Cazorla left the door open to a return to La Liga should Arsenal fail to consistently challenge for trophies.

"I want titles and that is why I came to Arsenal. Every football player wants to win titles. We've gone many years without winning one. And if not, what I'll look for in my next destination is to have the chance to win," he said,

"I don't want to close doors, but nowadays I've a contract with Arsenal for two more seasons. When I'm turning 31 I'll evaluate my position and I'll choose the best option. In which case, I would be delighted to come back [to Spain]."