The shamed music veteran - real name Paul Gadd - was detained by officers at his home early on Sunday morning (28Oct12) and taken into custody at a London police station.
He was arrested as part of Operation Yewtree - an investigation into claims that Savile, who died last year (11), abused up to 300 youngsters throughout his long-running entertainment career.
A statement from the Metropolitan Police reads: "Officers working on Operation Yewtree have today, 28 October, arrested a man in his 60s in connection with the investigation.
"The man, from London, was arrested at approximately 7.15am on suspicion of sexual offences, and has been taken into custody at a London police station.
"The individual falls under the strand of the investigation we have termed 'Savile and others'. Not prepared to discuss further."