The 32-year-old has spent that past two season at the Turkish club, currently managed by former Man United boss Ole Gunnar Solskjaer.
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Besiktas have now confirmed that they paid the former Liverpool and Arsenal star €1.75million to end his stay in Istanbul, with his contract due to last until 2026.
Oxalade-Chamberlin made 50 appearances across two seasons in Istanbul, scoring five goals, as his side recorded sixth- and fourth-place finishes.
According to The Athletic, Championship side Birmingham City are interested in bringing the former England international back to his home country.