Atletico Madrid terminate Emre Belözoğlu's contract
Atletico Madrid have terminated Emre Belözoğlu's contract according to LigTV.
The La Liga side have have been trying to free up their mounting wage bill and fringe players on high salaries will be the first to leave.
The move gives Fenerbahçe the green light to sign Emre as a free agent.
Fenerbahçe issued a statement yesterday confirming talks with Emre Belözoğlu were ongoing. The Istanbul club are expected to sign their former midfielder on a 2.5 year contract.
The 32-year-old midfielder joined Atletico Madrid from Fenerbahçe during the summer transfer window as a free agent.
Emre has scored once and has three assists from 16 appearances in all competitions this season.