The Mexico international has signed a four-year contract with the Spanish side.
Dos Santos failed to make the expected impact at White Hart Lane since joining the club from Barcelona in 2008.
The 23-year-old is now set to get a fresh start at Real Mallorca.
“Real Mallorca have reached an agreement with Tottenham for Giovani Dos Santos on a contract for the next four seasons,” read a statement on Mallorca’s official website.
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Summer 2016 is set to be a very exciting time for football fans, as this is when the long awaited Euro 2016 tournament kicks off.
Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.