Yeovil have said no action will be taken against Steve MacLean after the striker's goal celebration from their 3-2 defeat by Bury on Saturday.
Substitute MacLean, 29, appeared to gesticulate towards his own bench after netting the Glovers' second goal.
The club held their own internal enquiry into the incident and manager Gary Johnson met with the player to discuss his actions.
Yeovil have since confirmed they "consider the matter closed."
A statement read: "Having spoken with the player, manager Gary Johnson is satisfied that the gesture was not aimed at the Yeovil Town bench and was merely an over exuberant celebration."
Much-travelled MacLean arrived at Huish Park in the summer after spells with Rangers, Scunthorpe, Sheffield Wednesday, Cardiff, Plymouth, Aberdeen and Oxford.
He has made 24 appearances for the League One club, nine of them off the bench, and has notched four goals.
After the defeat at Gigg Lane, manager Johnson told the Western Daily Press."I will have a chat with him because you cannot do that. If it was directed at me or the bench then of course that will be the last game he plays.
"Players are going to be frustrated, of course they are, and when players who have been out of the team score sometimes they are a bit frustrated with the situation.
"You have got to be pleased for the lads and pleased that the manager has brought you on, because in the first game or two I saw there was not enough athleticism or movement in his game.
"I am not talking out of [turn], I will be telling him that and I have told him that.
"If it has earned the goal then great, but if he does not think that it is me that has helped him then he is best moving on."