The 27-year-old frontman, who joined Amakhosi from Zimbabwe club Chicken Inn in June, 2016, made 12 league appearances - netting once in the process.
His agent Michael Ngobeni has since revealed that Katsvairo is open to leaving Amakhosi on loan.
“The chances of Katsvairo playing for Chiefs next season are slim," Ngobeni told Isolezwe.
"He is not happy at Amakhosi since he is not playing," he stressed.
"We are currently looking for a team that Chiefs can loan him to so that he can get game time," Ngobeni continued.
“We have not informed Chiefs of the team that we are talk to," the agent added.
"There are a number of things that you need to consider, like the players’ salary, will both clubs go 50/50, or will the new club pay his salary?” Ngobeni concluded.