Young winger agrees contract termination.The U's have parted company with Ryan Melaugh.
"It was fairer on him to do this now so he has the opportunity to get a deal elsewhere, rather than wait until the summer rush, and I'd like to wish Ryan all the best for the future."
Manager Joe Dunne said: "Ryan has found it difficult to break into the first team squad here and we both feel that it would be best for his career to move on."
The nineteen year old has had his contract terminated by mutual consent but will be able to join another club now due to the timing of his departure.
Melaugh signed his first professional contract in the summer of 2012 but has found first team opportunities hard to come by.