The talented Under-16s star, who is known for his passing ability, was let go by the Gunners.
Akarakiri trained with the club's Under-18s squad prior to the coaches deciding he could move on to another team.
Advertisement
Advertisement
He will be working as a scholar at Everton's academy next season with a view to pushing up into their Under-18s and then Under-21s sides.
Another who has left Arsenal is Macauley Zepa-Adams, per Arsenal Youth on WordPress.
Zepa-Adams started the season as part of Arsenal's Under-16 squad, but is now with Fulham at Under-18 level.