The Football Association has announced that it has not uncovered any evidence of wrongdoing by Arsenal in the club's relationship with Belgian side Beveren.
The BBC's Newsnight programme claimed Arsenal made illegal payments to Beveren, a charge the club denied.
Football's world governing body Fifa asked the FA to investigate, but it concluded the Gunners had not breached any FA or Premier League rules.
The material obtained during the FA's investigation has been sent to Fifa.
"As a result of our inquiries, we can confirm that we have not identified any evidence to suggest that Arsenal have breached any rules of the FA or the FA Premier League in relation to their dealings with Beveren," read an FA statement.