Bournemouth will be without one of their star performers after Fraser, who was out-of-contract on June 30, turned down a short-term contract extension.
The Aberdeen-born winger, who joined the Cherries from his hometown club in 2013, will end his contract officially at the end of this month but won't play again for Bournemouth.
The Premier League club, who are facing a huge relegation battle as they sit in the bottom three, have confirmed they will be without 26-year-old Fraser for the remainder of the campaign.
Having previously been linked with Liverpool, Fraser is now more likely to sign for Arsenal or Spurs according to the latest odds - and both have also been talked about as possible destinations as Fraser's contract wound down.
Only Eden Hazard had more assists in the Premier League last season as Fraser became a well-known supplier of goals and one of the more attractive free transfers around.
Bournemout, however, have announced that four players have agreed short-term deals.
Simon Francis, Andrew Surman, Artur Boruc and Charlie Daniels have agreed to see out the remaining nine games of the 2019-20 season.
Bournemouth return to action on Saturday, with a home game against Crystal Palace.
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