The Ghana midfielder comes to London after the Gunners were able to complete a £45 million (€50m/$58m) deal ahead of Monday’s transfer deadline.
A statement from the Spanish capital club reads: “La Liga has communicated to Atletico Madrid this Monday at 11:28 pm that representatives of Arsenal appeared at the headquarters of the organisation in order to exercise the termination clause of the footballer Thomas Partey.
“As such, the player has unilaterally terminated the employment contract that bound him to our club until June 30, 2023.”
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