PSV Eindhoven have announced right-back Stanislav Manolev's contract has been terminated by mutual consent.
The 28-year-old has fallen out of favour at the Philips Stadion over the past 18 months and spent the end of last season on loan with Premier League side Fulham.
Following his loan spell at Craven Cottage, Manolev was left with Jong PSV, the Dutch club's reserve side, where he made 10 appearances in the Jupiler League.
Manolev's discipline had been called into question during the 2011/12 Eredivisie season, with him picking up four suspensions throughout the campaign.
The 35-cap Bulgaria international has now returned to his native homeland to train with former club Litex Lovech.
"We would like to thank Stanislav Manolev for his hard work and dedication," PSV technical director Marcel Brands told the club's official website.
"He has always been a true professional during five up-and-down seasons with the club and has always got on well with his team mates. We wish him the best of luck for his future career."
Despite being released by PSV, Manolev remains keen to feature in one of the top European leagues.