10:06 PM PT -- The Falcons have released Mingo ... saying they have terminated their contract with the 30-year-old.
2:34 PM PT -- Mingo's attorney released a statement about the arrest ... claiming the NFLer is innocent.
"Mr. Mingo is the victim of false claim, and we believe this is motivated by money or some other ulterior motive," Lukas Garcia said Saturday.
"We are confident when the truth comes to light, my client will be fully exonerated."
11:35 AM PT -- Arlington PD tell TMZ Sports ... "On Thursday, July 8, 2021 at 9:46 p.m., the Arlington Police Department arrested Barkevious Mingo on one count of Indecency with a Child – Sexual Contact. Initial bond was set at $25,000."
"The incident stems from an investigation that the department is conducting. Mingo turned himself in on his own accord in consultation with his attorney. The bond has been posted and he has been released from custody."
Atlanta Falcons LB Barkevious Mingo was arrested earlier this week for "indecency with a child" ... TMZ Sports has learned.
30-year-old Mingo -- who was the 6th overall pick in the 2013 NFL Draft -- was arrested July 8 by Arlington Police Department ... and booked into Tarrant County jail for "indecency with a child, sexual contact," according to court records and law enforcement officials.
We're told the charge is a 2nd degree felony. If convicted, a 2nd degree felony can carry up to a 20 year prison sentence in Texas.
Mingo's bond was set at $25K ... and he was released the following morning.
The details surrounding the arrest are not yet clear.
After starring at LSU, Mingo has bounced around in the NFL ... spending time with the Browns, Patriots, Colts, Seahawks, Texans, and Bears before signing with the Falcons this year.
BM won a ring with the Patriots at Super Bowl LI ... recording 2 tackles during the Pats historic comeback against the Falcons.
The Falcons provided us a statement on Mingo's arrest, saying ... “Our organization became aware of the allegations involving Barkevious Mingo today and are currently gathering information on this incident."
"The Falcons take the allegations very seriously and will continue to monitor the situation.”
We've also reached out to Mingo's reps ... but so far, no word back.