Police told CBS 3 that they arrested Alfredo Aldeco on Saturday during a traffic stop.
Aldeco is charged with possession of cocaine and had three warrants, one of which was a fugitive warrant from Connecticut.
Police said the 27-year-old is wanted in connection with an armed robbery in the city from February 2013.
That incident saw the owner of a business assaulted and stabbed.
According to police, this past December, the first suspect in that case, Ivan Laguna, of Springfield, was sentenced to 8 to 12 years in state prison.
Police said Aldeco will be arraigned in Holyoke District Court on Monday.
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