Andrey Arshavin to leave Arsenal
Denilson and Sebastien Squillaci will also leave the club.
The trio have struggled to feature in recent seasons, with playmaker Arshavin, 32, and midfielder Denilson, 25, both spending time away on loan.
Arshavin, who signed from Zenit St Petersburg for a reported £15m in 2009, is the most high-profile departure.