The Algerian international confirmed to FC Inter News that he will leave the financially stricken club on a free transfer this summer.
Trabzonspor are looking to re-build ahead of next season. Manager Ersun Yanal wants to build a squad capable of challenging for the Turkish Super Lig title.
West Ham have been strongly linked with a move for the 23-year-old forward according to Talk Sport.
Belfodil has provided three assists and one goal in 23 appearances for Parma this season. The 23-year-old has scored two goals in 12 international appearances for Algeria.
Trabzonspor finished the season on 5th place with 57 points in 24 games. Cash-strapped Parma have been relegated from the Serie A with 19 points in 38 games.