The wheel could return to the city at the end of the year
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Birmingham's answer to the London Eye is being taken down.
It is believed to be the largest transportable wheel in the world and has been in Centenary Square since 6 November.
The wheel, which stopped turning just after 2200 GMT on Sunday, will take about one week to dismantle before it is moved on to a new mystery location.
Birmingham City Council is in talks with its owners to bring the popular attraction back to the city.
The council is hopeful that the wheel could return to the city at the end of this year.
Birmingham was the first city in the UK to host the wheel.
It was previously located close to the Champs-Elysee in Paris and has 42 four to six seater gondolas.