The top Yoruba monarch died in the late hours of Friday, according to palace officials.
Adeyemi died at the Afe Babalola University Teaching Hospital, Ado Ekiti, He was 83 years old
The late Alaafin’s first son, Prince ‘Tunde, and other children had received the monarch’s remains at Idi-Igba, Oyo town early Saturday morning.
Palace sources confirmed that traditional rites had begun without giving details about his burial arrangement yet.
The late Alafin ruled for 52 years before his demise, making him the longest-reigning Alaafin.
By tradition, the head of the Oyomesi, Basorun of Oyo, High Chief Yusuf Ayoola, would take over pending the appointment of a new Alaafin.
Basorun is also expected to brief the Governor of Oyo State, Seyi Makinde, before an official announcement.
The late Alaafin of Oyo was from the Adeyemi branch of the Alowolodu family. He was born on October 15, 1938.
Adeyemi III was the son of Oba Adeyemi II, the former Alaafin
He succeeded Alaafin Gbadegesin Ladigbolu II in 1970 and was crowned on January 14, 1971.
He was a lover of boxing.