Willian has saved Arsenal £20million by cancelling his £240,000-a-week contract to move back to his boyhood side Corinthians.
The Brazilian still has two years left on his Arsenal deal, but he has torn up the contract and returned to Corinthians on Monday evening.
The 33-year-old will also take a 70% pay cut to rejoin Corinthians, who he left for Shakhtar Donetsk in 2007 after only spending one year with the senior team.
Arsenal executives are rumoured to be amazed by Willian's unselfish gesture, according to Sky Sports.
But Willian's form has struggled in North London, and Gunners fans are rejoicing at his exit.
"Yes, Willian is gone! [Mikel] Arteta next please!" One fan tweeted with a 'SaveArsenal' hashtag.
Another added: "Willian finally gone, thank God."
"Willian finally gone, thank god, probably the worst player I've seen play for the Arsenal, everything considered," a third commented.
However, not all fans were celebrating: "Willian’s time at the club didn’t go as planned, but credit to him for agreeing to terminate his deal without demanding his wage in the process.
"Make no mistake, getting his wages off the books is down to his decency, not the board. Hopefully, he’ll have better luck in Brazil."
What do you think of Willian's actions? Let us know in the comments section
Willian, himself, released a statement: "I would like to thank Arsenal for the opportunity they have given to me and for the warm welcome received by everybody at the club."
"Unfortunately, things on the pitch didn’t go the way we had all planned and hoped, I received a lot of criticism especially from some members of the press that I had come here for financial reasons.
"I hope with my actions today explain to those people and they now understand that was not the case.
"I hope it teaches some people that they should not be so quick to pass judgement and create bad environments to make themselves important even though I accept that’s part of the game.
"All my career I have done everything to be the best I can be I always want to win and I find it hard to accept not doing so.
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Unfortunately, it didn’t happen for me at Arsenal and I am sorry about that.
"I came to England in 2013 and I have enjoyed every minute of my time here.
"I want to thank everyone who has helped me along the way to play in this wonderful league that is full of heart and spirit.
"To the Arsenal fans, I am sorry we never got to meet properly due to the pandemic.
"But I know your desire for success and your support for the club is incredible so I wish you all the best for the future because you deserve it.
"To everyone else involved with this historic club I wish you all the best for the future."
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