Arsenal gave the 32-year-old to leave after stripping him of the captaincy in December following a disciplinary issue.
The 32-year-old did not play for the club after December 6, and was left out of their squad for their warm-weather training camp in Dubai.
Aubameyang, who scored 92 goals in 163 games for the Gunners, leaves the Emirates Stadium inside the final 18 months of a contract worth £350,000 a week.
The Gabonese striker had also been linked with a switch to Saudi Arabian side Al-Nassr.
The former Arsenal captain's departure will save the Gunners, who bought him for £56m from Borussia Dortmund in 2018, about £15m in wages.
But it leaves boss Mikel Arteta with just Alexandre Lacazette and Eddie Nketiah as his forwards for the remainder of the season.
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