Liam Needham has had his Notts County contract terminated by mutual consent.
The winger joined County in November 2005 and put pen-to-paper on a new one-year deal in May.
However, Steve Thompson replaced Gudjon Thordarsson as manager in the summer and Needham's first-team opportunities have dried up this season.
He joined former club Gainsborough Trinity on loan last month and has now agreed that it would be in his best interests to cut all his ties with County.
Needham is expected to secure a permanent contract with Conference North side Gainsborough.