Ronaldo, Lampard, Neymar, Lewandowski: The best attacking transfers by position since 2000
What are the best defensive transfers by position since 2000?
Transfer window: Grading every big signing from Europe's top clubs
The new three-year deal will see the player become Arsenal's highest-paid player, earning a reported £250,000 a week.
Arsenal have been in talks with their club captain over a new deal since the summer of 2019, but neither the player nor the club could agree on a new deal.
Aubameyang has been key to manager Mikel Arteta's plans, with the Spaniard even calling him the squad's "most important player." The Athletic reports says that Arteta has been "instrumental" in getting the player to sign a new contract.
22.39 BST: Fiorentina have announced the signing of free agent and former AC Milan midfielder Giacomo Bonaventura.