Watford have confirmed that they have reached a mutual agreement with Danny Welbeck to terminate his contract.
The former Manchester United and Arsenal striker was earning a reported £100,000-a-week, a figure the club were unable to continue paying out.
In a statement, the Championship side said: “Watford FC confirms that it has reached an agreement to allow Danny Welbeck to leave on a free transfer.
“Welbeck featured 20 times for the Hornets last season, scoring three goals.
“We wish Danny every success in the future.”
The 29-year-old enjoyed a strong end to the 2019/20 campaign, scoring two goals in nine appearances after the season restarted amid the coronavirus pandemic.
A host of Premier League clubs have enquired about his availability, while there has also been interest from abroad.