By mutual agreement, Neymar’s contract with Al-Hilal, a member of the Saudi Pro League, has been ended.
Due to injury, the 32-year-old Brazil international has only made seven appearances for the team since joining for 90 million euros (£77.6 million) in August 2023.
He only made two appearances this season, most recently as a substitute in November, but he is still the most expensive football player in the world following his £200 million move to Paris St-Germain in 2017.
He has been strongly connected to rejoining his old team, Santos, in Brazil.
The club expresses its thanks and appreciation to Neymar for what he has provided throughout his career at Al-Hilal, and wish the player success in his career,” Al-Hilal said.
Neymar had around seven months remaining on his contract, having joined Al-Hilal on a two-year deal with a reported wage of 150m euros (£129.2m) a year.
He joined claiming he wanted to “write new sporting history” but had a prolonged spell on the sidelines after rupturing his anterior cruciate ligament during Brazil’s World Cup qualifier against Uruguay in October 2023.