The man who stole $3 million in jewelry from Drake's tour bus has been arrested

TMZ has learned. The suspect, Travion King, was arrested on campus at Arizona State University Wednesday afternoon, and cops describe him as a transient. Police say they found him with the briefcase which contained all of the jewelry. He's been booked for felony burglary. 

As we first reported ... cops say the loot -- which belonged to Drake's DJ, Future the Prince -- was lifted from one of Drake's tour buses parked outside the Talking Stick Arena in downtown Phoenix. We're told King has worked for the arena in the past for concerts ... but he was not working during Tuesday night's Drake-Future show. We got video of Drizzy going off on someone on his security team after he learned about the heist.

Thieves made off with Drake and Future's Briefcase containing MILLIONS of Dollars in Jewelry

Early on Wednesday morning Drake went off and acting crazy after learning one of his tour buses was targeted by thieves, who made off with 2 to 3 million dollars in golds and diamonds Jewelry.

Drake and Future were performing at the Talking Stick Resort Arena in Phoenix Tuesday night when a thief or thieves made it onto a bus shared by the 2 rappers. They took a briefcase that contained millions of dollars in jewelry. 

 We're told the jewelry was Future's, but the video is clear -- Drake was super upset when he learned about the heist. We're told detectives are reviewing security footage to ID the culprits.

Thieves made off with Drake and Future's Briefcase containing MILLIONS of Dollars in Jewelry