Turkish Super Lig club Fenerbahce terminated the contract of Brazilian midfielder Fred on Thursday.
The Istanbul side notified the Turkish football federation that the 33-year-old’s contract had been terminated.
Fred is reportedly set to join Brazilian side Atletico Mineiro on a three-and-a-half-year contract.
Brazilian media reported that Atletico Mineiro would pay around €2 million ($2.3 million) for his release, plus up to €500,000 in performance-related bonuses.
Fred joined Fenerbahce from Manchester United in 2023 and spent three seasons with the club.
He scored 12 goals in 129 appearances across all competitions for Fenerbahce.