The animal is one of the oldest tyrannosaur species ever discovered in North America.
Scientists had previously suggested fossils belonged to Nanotyrannus, a proposed miniature species of the iconic predator.
The species was an apex predator that could reach about 7.6 meters in length and lived between 66 and 70 million years ago.
The dinosaur could bite with about three times the force of large crocodiles or great white sharks.
For decades, scientists thought that the two holes in the roof of the dinosaur's skull aided jaw movement.
The fossils are 15 million years older than any others belonging to the tyrannosauroid family that have been found in North America.
"This is a one in 100 million specimen," a University of Kansas fossil expert said.
Steer clear of the short-arm jokes if you want to avoid their wrath.
The strange mixture of features in Chilesaurus has perplexed scientists since its discovery was announced in 2015.
The apex predator probably couldn't even walk very fast, forcing a rethink of the fearsome dinosaur's hunting technique.
The dinosaur's teeth could generate 431,000 pounds of force per square inch.
Among the finds was an incredibly rare 70-million-year-old dinosaur skull.