diff --git a/changelogs/fragments/1159-ec2_eip-remove-wait_timeout.yml b/changelogs/fragments/1159-ec2_eip-remove-wait_timeout.yml
new file mode 100644
index 00000000000..0d762e9091f
--- /dev/null
+++ b/changelogs/fragments/1159-ec2_eip-remove-wait_timeout.yml
@@ -0,0 +1,2 @@
+removed_features:
+- ec2_eip - The ``wait_timeout`` option has been removed. It has always been ignored by the module (https://github.com/ansible-collections/community.aws/pull/1159).
diff --git a/plugins/modules/ec2_eip.py b/plugins/modules/ec2_eip.py
index e0031eaf10a..37ef0fa7540 100644
--- a/plugins/modules/ec2_eip.py
+++ b/plugins/modules/ec2_eip.py
@@ -88,10 +88,6 @@
       - Allocates the new Elastic IP from the provided public IPv4 pool (BYOIP)
         only applies to newly allocated Elastic IPs, isn't validated when I(reuse_existing_ip_allowed=true).
     type: str
-  wait_timeout:
-    description:
-      - The I(wait_timeout) option does nothing and will be removed after 2022-06-01
-    type: int
 extends_documentation_fragment:
 - amazon.aws.aws
 - amazon.aws.ec2
@@ -546,7 +542,6 @@ def main():
                                        default=False),
         release_on_disassociation=dict(required=False, type='bool', default=False),
         allow_reassociation=dict(type='bool', default=False),
-        wait_timeout=dict(type='int', removed_at_date='2022-06-01', removed_from_collection='community.aws'),
         private_ip_address=dict(),
         tags=dict(required=False, type='dict'),
         purge_tags=dict(required=False, type='bool', default=True),