The man was arrested in the West Belfast area on suspicion of carrying out a paramilitary style attack in the Turf Lodge area on 28th September. A number of items were also seized.
The suspect has been taken to Musgrave Serious Crime Suite for questioning.
Speaking about the arrest, Detective Inspector Adrian Brown said: “This arrest is in connection to a brutal paramilitary style attack on a man in the Turf Lodge area on 28 September which we believe was carried out on behalf of ANP.
“The thugs responsible for carrying out these type of paramilitary style attacks do not care about their own communities and give no thought to the psychological damage that they cause to people witnessing these attacks.
“The reality is that they use fear and violence to exert control over communities for their own selfish gains.
“We are committed to protecting the community from all types of violence linked to paramilitaries and will continue to work in partnership with local agencies, residents and community representatives to keep people safe.”
Four men aged 42, 35, 33 and 30 have already been charged with attempted murder and grievous bodily harm in relation to this incident.
A 48 year old man was also arrested in connection with the attack and has since been released pending a report to the PPS.