U's and midfielder part company.
The midfielder has found first team appearances limited recently and his contract has been cancelled by mutual consent. Craig Eastmond has left the U's, after a two year stint with the club.
U's boss Tony Humes said of the departure: "After discussions, it was felt that it would be best for Craig to look elsewhere for first team football and we wish him all the best for the future."
A permanent move came in the summer of 2013 and he made a total of sixty eight appearances in a U's shirt, scoring seven goals.
Eastmond arrived at the U's on loan from Arsenal in September 2012, when he made thirteen appearances before a serious injury forced him to return to The Gunners.