Denilson will leave Arsenal for Sao Paulo on loan next season, as Arsene Wenger prepares a cleanout of the squad in order to gather funds for the club’s summer purchases, according to the Metro.
Denilson expressed his sadness today over leaving Arsenal, and his loan to Sao Paulo will certainly help the London club save some money through discounting the Brazilian's wages. The club can also take Denilson on again should he continue to improve overseas.
"I will be playing in Brazil next season as I felt that this is a good opportunity for me to play regular first-team football," Denilson told the Arsenal official website.
"I move away with sadness because I have so many friends at Arsenal and everyone has always been so supportive towards me.
"I want to say thank you to the club, and of course, also a big thank you to all the Arsenal fans who are very special. I'm now focused on doing well in Brazil next season, but will always be looking out for the Arsenal results.
"It is a great club with many great players, a good team spirit and a top-class manager. I wish you well for next season."
Nicklas Bendtner is also set to exit the club this summer, with his father and agent demanding €11 million for the Denmark international.
Emmanuel Eboue is also looking at leaving Arsenal, with the star talking to Galatasaray. The Turkish side are reportedly close to agreeing a deal with Ebou.
Fans and pundits will be watching Wenger closely to see whether the Arsenal manager spends the money now available to him in the transfer market, or sticks to his original philosophy of only buying younger players with as little inflation as possible.