Reports have come out and revealed Esteban Cambiasso will be released by Inter Milan, the club have confirmed.
The 33-year-old Argentine leaves the San Siro after 10 successful years, including the historic 2010 treble-winning campaign.
The Gunners are keen to add an experienced holding midfielder to their squad this summer and could be set to make a move after the news.
The decision to let him leave has been made official after director of sport Piero Ausilio confirmed the news at a press conference on Saturday.
As quoted on the Daily Mirror website, he said: “I speak to Cambiasso every day in an informal manner, as he is a friend.
“Today there was a difficult moment between him and I, as we talked about the future. Due to reasons of strategy, renewal and an Inter for young players, he will not be confirmed in the squad.
“We will not propose a new contract”.