La Liga side Valencia have confirmed the arrival of Francis Coquelin from Arsenal, with the midfielder signing a four-and-a-half year deal.
Coquelin had earlier been linked with a move to West Ham but a couple of days ago Valencia reportedly took the lead in the deal.
They confirmed on Thursday afternoon that his deal had been completed and would sign until June 30th 2022. The club also confirmed the player's buy-out clause is €80 million.
"I am very happy, it is a big challenge, it is the start of a new life for me, therefore I am very excited about it," Coquelin said in a statement.
"I have seen the team, they are going along very well, they are third in the table.
"I have watched their recent games, since I knew that the negotiations between the two clubs were picking up, such as the Copa del Rey game versus Las Palmas. They were very good."
The fee is reported to be £12 million.
Coquelin joined Arsenal in 2008 and made 160 first-team appearances, but struggled to get first-team opportunities this season.
He featured in just seven Premier League matches, coming on as a substitute in six of them.