Eze has put pen to paper on a long-term contract in north London, which could earn his former club, Crystal Palace, towards £70 million ($145.9 million). 

The 27-year-old Palace having made 169 appearances for the Eagles across all competitions, scoring 40 goals as well as registering 29 assists.

Eze enjoyed his best Premier League campaign in terms of attacking contributions in 2024-2025, providing 16 direct goal involvements – eight goals and eight assists.

He old also scored the winning goal in Palace's FA Cup triumph over Manchester City, sealing the club's first major trophy and a spot in European competition for the first time.

He appeared set for a move to Arsenal's rival Tottenham Hotspur, but Eze has opted for a return to his boyhood club, having started his youth career with the Gunners.

Eze spent five years with Palace after a move from Queens Park Rangers ahead of the 2020-2021 season.

He released a heartfelt statement on his Instagram to the Palace fans, saying: "Five years, man. Crazy. It feels like just yesterday I was walking through the doors joining from QPR. The day you gave me the chance to realise my dream of playing in the Premier League, for south London's biggest club.

"From the start, I had goals set and my targets in place for what I wanted to achieve here at Palace, but I had no idea of what these last five years would really turn out to be.

"They call us a family club because it's impossible to truly understand what it's like to be part of this club unless you're in it.

"So, after all of this, all I really want to say is thank you. Thank you for believing in me, thank you for giving me a chance, and thank you for the love you shared that will last a lifetime."Speaking on the move, manager Mikel Arteta said: "We are absolutely delighted to bring Eberechi to Arsenal.

"He is a powerful and exciting player who will give us a new dimension in our attacking game.

"What stands out just as much as his talent and intelligence as a player, is the way he has worked hard throughout his career to get where he is today. 

"His journey, his mentality, and his ambition are exactly what we want in our team, and we love how much it means to him and his family to be joining our club.

"We all look forward to start working with Eberechi soon."