Jack Wilshere has joined Bournemouth on a season-long loan from Arsenal.
The 24-year-old had also been considering an offer from Crystal Palace after mutually agreeing with Arsenal that he would benefit from playing regular first-team football.
But the Cherries succeeded in signing the midfielder, who hopes to revive his club and international career after missing out on Sam Allardyce's first England squad.
It was during a loan move to Bolton in 2010 that Wilshere established himself as a player of exceptional promise and after which he featured regularly for Arsenal and England.
He will now hope a spell on the south coast under Bournemouth boss Eddie Howe can produce similar results.
Bournemouth chief executive Neill Blake said: "Jack is a fantastic addition to the club.
"He is a player that needs no introduction and one that, quite rightly, our supporters will be excited to see in a Bournemouth shirt.
"He will bring a wealth of international and Premier League experience, so we are delighted to be able to welcome a player of his calibre to the club."
Arsenal signed Shkodran Mustafi and Lucas Perez on Tuesday.
And the presence of Granit Xhaka, Francis Coquelin, Mohamed Elneny, Santi Cazorla, Aaron Ramsey and Mesut Ozil means Arsenal have no need to replace Wilshere.
His temporary exit appeared to conclude Arsenal's transfer business for the summer window, barring any extraordinary late deal.
Calum Chambers also on Tuesday joined Middlesbrough on loan until the end of the season, while earlier on Wednesday Serge Gnabry signed for Werder Bremen on a permanent basis.
"It was important for me to go to a team where I would be able to get a good amount of match practice," Gnabry said.
"The people in charge in Bremen worked very hard to bring me here, and I am sure that this will be a successful move."
Their sporting director Frank Baumann spoke on Tuesday of his confidence the winger's arrival was imminent, and after the signing was confirmed said: "We are delighted that Serge has decided to sign for us, even though he had a number of different options.
"After the injury to Max Kruse we needed to make additions, and we are very pleased we have found a player with the quality to further improve our squad."