The German joined the Gunners on December 1, 2017 and will have been in place for less than 14 months when he departs on February 8.
Appointed by then chief executive Ivan Gazidis, former Borussia Dortmund chief Mislintat's position was speculated over last week.
It had been anticipated he would be a key figure following last May's departure of Arsene Wenger after 22 years as boss.
But the upheaval of Gazidis leaving for AC Milan last September and further behind-the-scenes changes are rumoured to have led to his departure.
Pierre-Emerick Aubameyang followed Mislintat from Borussia Dortmund to the Emirates Stadium 12 months ago, and has excelled since under Unai Emery.
It had been anticipated he would be a key figure following last May's departure of Arsene Wenger after 22 years as boss.
But the upheaval of Gazidis leaving for AC Milan last September and further behind-the-scenes changes are rumoured to have led to his departure.
Pierre-Emerick Aubameyang followed Mislintat from Borussia Dortmund to the Emirates Stadium 12 months ago, and has excelled since under Unai Emery.
Other players to have joined Arsenal during Mislintat's employment include Henrikh Mykhitarayan, another former Dortmund player, and defender Sokratis Papastathopoulos - another arrival from Dortmund.
Lucas Torreira, Bernd Leno and Matteo Guendouzi have all become integral members of Emery's starting XI.
Weekend reports suggested former Arsenal winger MarcOvermars could come into the club as Mislintat's successor.
Lucas Torreira, Bernd Leno and Matteo Guendouzi have all become integral members of Emery's starting XI.
Weekend reports suggested former Arsenal winger MarcOvermars could come into the club as Mislintat's successor.
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