Anton Ferdinand has left QPR.
The club said the move was arranged by mutual consent, leaving the 28-year-old defender a free agent.
Ferdinand had spent the second half of last season on loan at Turkish club Bursaspor.
The club said it would like to thank him for his contribution and wish him all the best for the future.
QPR defender Anton Ferdinand and his brother Rio of Manchester United have released a statement saying they have been disappointed by the FA and Professional Footballer's Association actions during the John Terry racism row.
Terry is currently serving a four-match ban after shouting a racial insult at Anton during a game last year. Since then, the football authorities have come under criticism for the way they dealt with the incident.
However, the Ferdinands have now said they want to work with the organisations to improve matters. They have also expressed their support for the Kick It Out campaign which tackles racism in football, though they added it may have to change to make it more relevant.
Chelsea have been criticised by football's equality group Kick It Out for keeping their punishment of John Terry secret.
The club said they had taken "further disciplinary action" against the defender after Terry decided to accept a four-match ban and £220,000 fine from the FA for racially abusing QPR's Anton Ferdinand.
But Chelsea said they would be keeping their action "confidential" due to club policy.
Lord Herman Ouseley, chairman of Kick It Out, said that stance could damage Chelsea in the eyes of those people who had been waiting many months to see how the club handled the case.
Chelsea have taken disciplinary action against John Terry after he was found guilty of racially abusing QPR defender Anton Ferdinand, but the club say the internal sanctions issued "will remain confidential".
Chelsea defender John Terry has decided not to appeal against a four-match ban and fine of £220,000 for racially abusing QPR defender Anton Ferdinand, his management company have confirmed.
Terry's representatives, Elite Management, said in a statement released on his behalf:
A statement from the Football Association said:
John Terry has been found guilty of racially abusing QPR defender Anton Ferdinand. The former England captain has been fined £220,000 and been given a four-match ban.