Arsenal boss Arsene Wenger -- who last August kept the football world on tenterhooks as he held out selling Alexis Sanchez to Manchester City because he failed to secure Thomas Lemar from Monaco -- did not wait until the last minute to land the Gabon striker.
Wenger persuaded the Arsenal board to pay more for the 28-year-old than the 46.5 million they shelled out for Frenchman ALexandre Lacazette last August.
"Pierre-Emerick Aubameyang has joined us from Borussia Dortmund on a long-term contract for a club-record fee," the statement from Arsenal said.
The club described him as "one of the world's most highly-rated strikers".
"He scored 98 goals in 144 Bundesliga games for Dortmund and had a hand in 172 goals in 213 matches in all competitions for his former club," it continued.
Aubameyang's arrival should see French veteran Olivier Giroud completing the musical chairs by signing for Chelsea even though Wenger was loathe to let him move to a rival as Sanchez joined Manchester United earlier this month.
- Surprise Mahrez bid -
=======================
Aubameyang will alleviate the pressure on Lacazette although he would be ineligible for the Europa League having already played in the Champions League this campaign.
Elsewhere runaway leaders Manchester City have lodged a surprise 60 million bid for 2016 champions Leicester City's Algerian star Riyad Mahrez, who ignored manager Claude Puel's pleas for him to stay by putting in a transfer request.
However, Leicester are unlikely to let the 26-year-old -- who was a key player in their stunning title success in 2016 and who has returned to form this term after a dip last season -- leave for less than 90 million.
"Right now, it's the same as (Alexis) Sanchez, it's not the place to talk about it. It's so difficult," City manager Pep Guardiola said on Tuesday when asked about Mahrez.
"If things are not possible, then nothing is going to happen. We don't have too much and we play every three days. We have to find solutions."
It's not just the top clubs involved in the frenetic last few hours of a January that apart from Sanchez becoming the highest-paid player in the league -- on a reported pre-tax 500,000 a week -- has seen City pay a record fee of 57 million for young French centre-back Aymeric Laporte from Athletic Bilbao.
The 25-year-old has according to reports passed his medical and would be the fifth most expensive signing in the club's history -- PSG would like the majority of the 26.5 million fee paid up front.
Those fighting to remain in the cash-rich upper echelon will also get in on the act with Swansea -- whose win over Liverpool saw them move out of the bottom three -- seeking to bring Ghanaian striker Andre Ayew back to Wales.
Watford's long-time servant Troy Deeney could fill the void and is valued at 16 million to leave the club he has been with since 2010.
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