
The player was later also arrested on suspicion of sexual assault and making threats to kill.
Greenwood, 20, was released on bail last week pending further investigations but he remains suspended by the Premier League club until further notice.
Nike said last week they had suspended their relationship with Greenwood as they were concerned by the allegations.
They have now dropped the player altogether.
“Mason Greenwood is no longer a Nike athlete,” Nike said in a statement.
The allegations against Greenwood – including video, photographs and a voice note – were posted on Instagram and later deleted. He was first arrested on Jan 30 and placed in police custody before being released on Feb 2.