"WWE has zero tolerance for matters involving domestic violence, and per our policy, Rich Swann has been suspended indefinitely following his arrest," WWE said in a statement.
Swann, who was last seen on WWE TV on Tuesday when he defeated Tony Nese, was reported to be held in custody at the Alachua County Jail.
The American was signed for WWE in 2015 as part of the cruiserweight division after forging his career at Dragon Gate in Japan and US independent promotions EVOLVE.
Swann previously spoke out about how wrestling saved his life after both his parents passed away.
On the first-ever episode in November 2016 on 205 Live he claimed the Cruiserweight title when he defeated Brian Kendrick for the strap.
He dropped the belt to Newcastle-born Neville at the Royal Rumble in January.
Swann was due to battle Drew Gulak in a number one contenders match for the Cruiserweight title.