Exeter boss Paul Tisdale says he is sad to see Jamie Cureton leave, but admits they cannot afford to keep last season's top scorer.
The 37-year-old was told by the Football League's longest-serving manager that the Grecians were unable to offer him a deal and he is now looking for a new club ahead of the new campaign.
The former Bristol Rovers forward has been strongly linked with a move to Exeter's npower League Two rivals Cheltenham and Tisdale says that if that is to be his next destination then he wishes him all the best.
"He was another player I would have loved to have kept if I could - we just couldn't do it," Tisdale told the Express & Echo.
"I wish him the best of luck. I hope he doesn't score against us, but I hope he does very well. And if he does go to Cheltenham, or a club similar to Cheltenham, then I am glad he has got a good deal off the back of being with us because he deserves it.
"Part of me is very disappointed that team I was putting together, and looked like it was going to be a good team, is starting to dismantle as it tends to do at Exeter.
"So I am disappointed, but I am very pleased with the contribution he has made."