Brazilian international, Willian, has terminated his contract with Arsenal ahead of his free transfer to Corinthians.
The former Chelsea star is leaving the Premier League side with two-years left on his contract, the club said.
The 33-year-old who earned £240,000-a-week at the Emirates is set to take a 70 per cent pay cut to return to his former club.
Willian is expected to fly to Brazil on Tuesday night in order to complete his move to Corinthians.
A statement from the north Lond club read, "Arsenal have reached a mutual agreement with Willian to terminate his contract effective from today.
"The Brazil international joined us from Chelsea last August and made 38 appearances during the 2020/21 campaign.
"He had two more years to run on his contract but following positive and constructive recent discussions with him and his team, he will be leaving for a new opportunity with Corinthians in Brazil, where he began his career.
"Everyone at Arsenal wishes Willian and his family well for the future."