Arana has moved to the Dynamos in a bid to find more game time and add to his tally of goals and assists for the season.
In his place, FC Goa have signed Moroccan 22-year-old midfielder Hugo Adnan Boumous.
Boumous was born in Rennes, France and made his senior club football debut for Stade Lavallois in France's Ligue 2. He then got transferred to Moroccan club Moghreb Tetouan and played under current FC Goa coach Sergio Lobera.
The right-footed midfielder was also called up to the Moroccan National U-23 side in 2016.
Hugo has joined the squad and will be available for selection in the next match against Northeast United FC on February 4. (ANI)