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Mark Hughes is the biggest casualty of Morecambe's retained list as one of the seven players to have left the Globe Arena.
Morecambe have released striker Padraig Amond after opting not to renew his contract.
Phil Brown said his Southend side are "hurting" after missing out on automatic promotion with a 3-1 final day defeat to Morecambe.
Burton were crowned League Two champions as Bury pipped Southend and Wycombe to the third and final automatic promotion place.
Morecambe spoiled Southend's promotion party with a fine 3-1 victory at the Globe Arena on Saturday.
Morecambe's long-serving midfielder Stewart Drummond has announced he will retire after this weekend's game.
Wycombe stayed up in dramatic fashion last season and Gareth Ainsworth admits there will be more drama to secure promotion this time.
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