Sheffield Wednesday have terminated the contract of Craig Rocastle.
Owls boss Paul Sturrock told the midfielder at the end of last season that he was willing to let him leave Hillsborough.
Rocastle ended last season on loan at Yeovil after failing to establish himself at Wednesday.
Wednesday have now decided to cancel his contract to allow him the chance to move on.
Oldham are thought to be favourites for his signature with Latics boss John Sheridan keen to bolster his squad.