Fulham were looking to bounce back to the Premier League after suffering relegation and Smith was expected to be a big part of that, but the 25-year-old struggled to make an impact at Craven Cottage.
In November the Englishman moved to Bristol City - then in League One - and regained his form, scoring seven goals in 14 league appearances.
Smith returned to Fulham in March and played a key role in preserving their Championship status, scoring crucial goals against Sheffield Wednesday, Wigan Athletic and Blackpool.
The former Oldham Athletic star ended the season with 19 goals in all competitions and two winners’ medals (League One and League Trophy, both with City).
Smith seems to be pleased with how the campaign panned out for him since leaving Leeds, as he made the following posts on Twitter on Sunday.
A big thank you to all the Fulham, Leeds & Bristol City fans for your terrific support throughout the season. Much appreciated as always.— Matt Smith (@mattjpsmith) May 3, 2015
It's been eventful to say the least. Disappointing in certain aspects, but 2 medals, 19 goals & some meaningful contribution, so I'm happy!— Matt Smith (@mattjpsmith) May 3, 2015