Former Town midfielder Kieron Dyer has left QPR after the Premier League side activated a release clause in his contract. Dyer, 34, moved to Loftus Road in the summer of 2011, shortly after an injury-hit loan spell back with the Blues, his hometown club.
QPR boss Harry Redknapp said: "I'd like to thank Kieron for his services to QPR. If he can stay clear of injuries I'm sure there's clubs out there that will offer him the chance to play football.
"He wasn't in my plans and I think he's got something to offer someone, so we wish him all the best."
Dyer came through the Town academy and was at Portman Road until joining Newcastle United in the summer of 1999 for a fee which eventually rose to £6.5 million.
The midfielder returned home on loan from West Ham in March 2011 but was able to make just one start and three sub appearances.
His time with QPR was similar hampered by fitness issues and he made only four starts, played four games from the bench and scored his only goal in Saturday’s 1-1 FA Cup draw at home to West Brom.
Dyer has said in the past that he would like to finish his career with the Blues, whether Mick McCarthy would be interested in bringing him back to Portman Road for a third spell remains to be seen.