Former Italy defender Christian Panucci has had his Parma contract terminated by mutual consent.
Pannuci, 36, has only been with Parma for seven months, making just 19 appearances, but he has opted to leave with the club currently languishing in 13th place in the Serie A table.
A club statement read: "Parma FC, after having considered the personal reasons given by the player, would like to note the consensual rescission of Christian Panucci's contract with the club, which was set to expire on June 30."
Panucci also released a statement of his own, via the Parma website, and was quick to play down reports he had left the club due to a bust-up with coach Francesco Guidolin.
He said: "Christian Panucci would like to note his contract rescission with Parma because of strict personal reasons. The contract had tied him to Parma until June 30 2010.
"Panucci would like to thank the club, president [Tommaso] Ghirardi, the team and all the fans, and wishes them the best fortunes. In relation to certain news published by the press in recent days, Panucci categorically denies any friction with the coach and this was not a basis for his decision."