Trabzonspor have announced on their official website that Halil Altintop has terminated his contract with the club by mutual consent.
The Turkey international, whose twin brother Hamit plays for Galatasaray, still had a year to run on his deal he signed following his arrival from Eintracht Frankfurt in 2011.
However, both parties have agreed to an early release, with reports in Turkey suggesting that Altintop's premature departure is related to Trabzonspor's alleged financial problems.
Indeed, it has been claimed that certain players have not been paid their wages for three months.
Altintop, a Turkey international, netted 12 goals in 56 Super Lig appearances for Trabzonspor over the course of the past two seasons.