Madrid are reportedly ready to prise Ceballos away from Betis, though president Angel Haro claimed the Spanish and European champions have not made contact regarding the 20-year-old.
"I am aware of what is going to happen after the European Championship," Ceballos told Marca .
"I will go and talk to Setien, as the coach told me that he wanted to talk to me personally to decide my rest period.
"From there I will decide my future and where I'll play next season with my family and the company that represents me."
The youngster, who scored two goals and added two assists in 24 games for Betis in La Liga in '16-17, added he is not focused on the transfer speculation, specifically because it can be a distraction.
"I try not to read the press a lot because it can divert me from a moment that is unique in my career. I will live this once or twice in my life.
“I am not thinking beyond the match on Friday, as I have to stay with my feet on the ground and with the greatest possible humility."
In the meantime, Ceballos is enjoying the opportunity to link up with some of Spain's brightest prospects, including potential future team-mate Marco Asensio, many of whom have already experienced the highest reaches of club football despite their young age.
"Marco is a player who, simply, when he looks at you know what he is going to do with the ball and he is different to all the others.
“I have had the opportunity to play with him during the last three years in the national team and we understand each other very well.
"I feel a great joy for playing with players who have won a Champions League and who are competing day by day to be in a big team.
“It is a privilege [for me] as when they enter the team they understand your language and your football. It is very easy to play with them."