Exeter City manager Paul Tisdale says he is sorry to see longest-serving player Liam Sercombe leave the club.
The 25-year-old, who came up through the club's academy, is to leave when his contract expires this summer.
"We're sorry that he's not staying, but we wish him the best of luck," Tisdale told the club website.
The midfielder, who has won two promotions with the Grecians, made 263 appearances for the club, making his debut in the Conference in August 2007.
|Born in Exeter, he joined the club's academy as a boy and made his debut when he was 17|
|Helped Exeter win promotion from the Conference in 2008 and out of League Two in 2009|
|Scored 23 goals in his career, the last in the 2-1 loss at Wycombe on 14 April|
"Liam is the last player at the club from when I arrived in 2006," Tisdale added
"He has given eight or nine years of terrific service; he has played well over 250 games, and there comes a point where everyone is entitled and has earned the right to move on and try something else.
"We would have loved to have kept him, but he is entitled to do that and he has given so much effort and had so many good games and scored so many good goals, and there comes a moment when you have to part company.
"We really hope he does well. I'm sure one day there will be an opportunity for him to come back should he wish and we wish him the very best of luck.
"It is a sad day for us, but one to be applauded for him and the club to have a player that has come through the ranks and played so many games."