Manchester City boss Manuel Pellegrini is not worrying about the prospect of losing Sergio Aguero in the summer.
Samir Nasri has revealed he is ready to open talks with Manchester City about extending his stay at the Etihad Stadium.
Bothrwoyd signed a three year deal with the option of the club releasing him after two years.
And the 31-year-old, who joined the side on a free transfer in the summer of 2011,now becomes a free agent.
Bothroyd made 18 starts and 13 substitute appearances in all competitions since joining the club and scored five goals.
A statement on the club's official website read: "The club would like to thank Jay for his contribution and wish him all the best for the future."