Matt Macey has signed for Hibernian after agreeing the terms of an Arsenal pay-off, Football Insider has been told.

This site first first revealed early on Wednesday morning that the goalkeeper, 26, was set to move to Easter Road and sign a short-term deal running until the end of the season.

An Arsenal source has told Football Insider that Macey put pen to paper on Thursday on a Hibs contract after finalising his exit from Emirates Stadium.

The Premier League club have agreed a “compromise deal” with the giant keeper on his contract running until the summer.

It mean he has left Arsenal after eight years and has joined Hibs on a free transfer rather than a loan.

The deal with Scottish Premiership club will run for the rest of the season.

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Macey, who stands at 6ft 7in, decided to quit Arsenal for good after being told he would not get a new contract.

It brings to an end his spell in north London that began in October 2013 when he signed from Bristol Rovers.

He was unable to make a first-team impression at Arsenal despite his two senior appearances last season.

Macey kept a clean sheet on an impressive debut against Red Star Belgrade in the Europa League and also played in the Carabao Cup win over Norwich City.

But he could not climb above the number three keeper spot at Arsenal, with Bernd Leno the established number one and Runar Runarsson the deputy following the 2020 exit of Emiliano Martinez.

Macey has previously had loan spells at Accrington Stanley and Luton Town in League Two, and Plymouth Argyle in League One.

In other news, it can be REVEALED that Arsenal have secured their first January signing after he was granted permission to complete his medical.