A Scotland Yard spokesman said: "John Massey has this afternoon, Friday June 29, been arrested by detectives from the Metropolitan Police Service specialist crime and operations command.
"He has been taken into custody at a north London police station."
John Massey Credit: Metropolitan Police/PA Wire
He was found following an intelligence-led operation, the spokesman said.
A second man was arrested on suspicion of aiding and abetting an absconder and was also taken into police custody.
The Prison Service is investigating how Massey managed to elude staff.
Escaped prisoner 'hid in gym' before using bedsheets as rope to escape
John Massey is understood to have hid in the prison's gym yesterday until he could sneak on to the roof and escape over the wall without being stopped.
It is thought his makeshift rope was made from bedsheets.
Pentonville was described by prison inspectors as one of Britain's most challenging jails to run last year, but the inspection also found "no obvious problems with physical security".
Convicted murderer escapes from Pentonville prison
John Massey made off from Islington prison last night at around 6:30pm Credit: Met Police
Police are appealing for help in tracing a convicted murderer who has escaped from HMP Pentonville.
John Massey made off from the Islington prison at around 18.30 this evening.
He was sentenced to life imprisonment for the murder of a man at a Hackney pub in September 1975.
He is considered potentially dangerous and police have urged the public not to approach him, but to call Islington Police on 0207 421 0296 if they have any information on his whereabouts.