The veteran striker has decided to part company with the Rossoblu after four incredible seasons at the Renato Dall'Ara, during which he netted 65 times in 135 Serie A games
The 35-year-old forward has achieved legendary status at the Dall'Ara on account of his fantastic goalscoring exploits since arriving from Genoa in 2008, as well as his impressive commitment to the cause during the club's recent financial troubles.
However, Di Vaio, who has netted 65 Serie A goals for the Rossoblu during his four-year stint, feels that now is the time to move on, admitting that he has been stung by accusations that he has not been pushing himself to the limit this season.
"The next two games will be my last in a Bologna jersey," the striker told reporters on Friday. "I do not want to feel like a burden on the club or the fans, or to ruin such a beautiful picture. At my age, I prefer to take a step back.
"I have spent four years in this beautiful city, with this team, but I received an interesting proposal from Montreal Impact."
Di Vaio explained that he did not feel himself capable of being "the [Alessandro] Del Piero of Bologna" and indicated that he fully intends to return to the Dall'Ara once his playing days are over.
"This is not goodbye," he explained, "but rather arrivederci, in that I want to return to this city to live out the rest of my life with a happy heart."
Di Vaio, who claimed his interest in a move to Montreal was founded on his desire for a new experience as opposed to financial gain, will make his final home appearance in Sunday's clash with Napoli before lining out for the Rossoblu for the last time against Parma next week.