Rangers boss Stuart McCall says he feels sorry for Gael Bigirimana, but admits he should never have been signed.
Chris Gunter will stay at Reading, after the club took up the option to extend his deal by another year.
Alonso is out of contract at the end of the season and a host of clubs are thought to be weighing up moves for the defender.
The likes of Stoke, Celtic and Fiorentina are all thought to be keen on Alonso having expressed an interest in the left-back during the January transfer window.
Bolton have tabled a new contract offer to Alonso and Freedman is optimistic of keeping the former Real Madrid youngster.
"Marcos is playing by the rules," said Freedman. "He has been offered a new contract and it's so far so good."