Exeter City will not be renewing the contracts of strikers Ben Watson and James Norwood.
The pair have both spent spells out on loan this term and have made just one start between them all season.
Boss Paul Tisdale said: "I'm disappointed that Ben will be leaving us because he's been such a big part of the club for the last three-and-a-half years.
"He's learned the game and although he hasn't played as many games as we or he would have expected he's become a professional footballer.
"James came in two years ago full of energy and exuberance. He was a player we wanted to take a chance on and it hasn't quite worked for him.
"We hope he has learned from the very good experience he's had with us."