On Saturday, Arsenal announced that they had reached an agreement to purchase Declan Rice from West Ham for a then-record cost of £105 million.
Rice has signed a five-year contract with the Gunners that will keep him there until 2028.
Arsenal, though, has the option to extend the deal by a further year.
At the Emirates, Rice will wear the number 41 that he prefers.
This is the largest transfer fee ever paid between two British clubs, surpassing the £72m that Arsenal paid to Lille for Nicolas Pepe in 2019.
Chelsea’s purchase of midfielder Enzo Fernandez from Benfica in January cost them £106.8 million, making Rice’s acquisition almost as expensive.
The 24-year-old will go to the United States with Arsenal next week for their preseason tour, along with new teammates Jurrien Timber and Kai Havertz.