Manchester City have announced that Willy Caballero will leave the club when his contract expires on June 30.
The goalkeeper, who joined from Malaga in 2014, made 27 appearances this season after forcing his way into manager Pep Guardiola's starting line-up ahead of the out-of-sorts Claudio Bravo.
However, the 35-year-old's deal will not be renewed and he will quit City next month.
"It's been a privilege to play for Manchester City," the Argentine told the club's official website. From the first day I arrived, everyone at the club has made me feel welcome and I will always be grateful to them. To win the League Cup in such dramatic circumstances was special and it's a day I will never forget."
Manchester City clean-out
Manchester City also announced that they will part ways with Jesus Navas after four years with the club and 183 games with the club. The now 31-year-old joined from Sevilla and has been linked with a move back to the Andalusian club.
Txiki Begiristain said about Navas, "His hard work, dedication, professionalism and desire to win have been apparent every single day. He showed his versatility numerous times this season, operating at full-back and doing so with distinction.
“I wish him all the very best with his next move.”