Get up to date on Arsenal transfer news, injury updates, fixtures and share your opinions on Just Arsenal Fans.
Toral will be joined in Scotland by Bournemouth outcast Emerson Hyndman, who completed his switch this afternoon.
Attacking midfielder Toral, 21, has returned to Arsenal after a frustrating loan stint with Spanish side Granada.
The Spaniard has taken on Barcelona in the Nou Camp this term but that was one of just six appearances he has registered for the La Liga side.
Wenger believes swapping southern Spain for Scotland will benefit the 21-year-old more.
Asked whether the move to Warburton’s side would benefit Toral, Wenger said: “Yes, because he has played games there [for Granada] but at the moment he doesn’t play and personally I think it would be a good transition for him.”
USA international midfielder Hyndman flew into Glasgow over the weekend for discussions with Gers boss Mark Warburton.
Now a deal which will see the 20-year-old join up with the Light Blues for the remainder of the season has been agreed.
Hyndman was part of the Cherries side who suffered a shock FA Cup exit at the hands of League One outfit Millwall on Saturday but it was just his third outing of the campaign.
Bournemouth boss Eddie Howe signed the twice-capped Texan from Fulham on a free transfer this season but has yet to give him a taste of Premier League action.