The Bulgarian has been at Serie B side Ternana this season.
When Manchester City snapped up Valeri Bojinov in 2007 they got their hands on a player once tipped for instant stardom after a blistering start to his career in Italy. He made his debut for Lecce aged just 15 and soon joined Fiorentina at the age of 18.
He spent time on loan at then Serie B Juventus but his early promise had already begun to look compromised by his unfortunate injury record.
But then City boss Sven-Goran Eriksson was a huge fan so spent around what Goal.com reported was a fee of £6 million of Thaksin Shinawatra’s fortune on the Bulgarian.
Upon his arrival City chief executive Alistair Mackintosh stated:
"Our signing of Valeri is another sign of the impact made by Dr Thaksin Shinawatra and Sven-Goran Eriksson. Valeri is an exciting young player and a great addition to the squad."
It proved to be a monumental waste of money.
He suffered a cruciate ligament injury in his first month at the club and then an Achilles problem which saw him play just three games in his debut season.
The next campaign was not much better - eight appearances and one goal under Mark Hughes after more bad luck with injury and subsequent recovery.
In 2009 they took a hit on the player and sent him out on loan to Parma a move which became permanent in 2010.
Since then Bojinov has been around the block thanks to discipline, injury and form issues.
He couldn’t get in the first-team at the Gialloblu so joined Sporting Lisbon - but after missing a penalty he was not supposed to take against Moreirense in a Cup game he became a pariah in Lisbon.
He went on to play for Lecce, Verona and Vicenza on loan before heading to Bulgaria and joining Levski Sofia. Last summer he joined Serie B side Ternana and scored six goals in 27 games this season.
Now the 29-year-old has confirmed he will be leaving the club, with the hope of a Serie A move - as ambitious as that might be.
He is quoted by TMW as stating:
"This is my last game in the Rossoverdi jersey.
"I want to thank the whole environment, it has always been united and close. I thank everyone: I'm glad to have arrived with the applause and I left with the applause, I'm happy to be part of the history of the derby with goals in Perugia and am happy to have done well in the few games played.
"For the future, however, I have very different objectives and they are precise: I want to return to Serie A."
The Manchester City flop, who played 12 times for the club scoring just the one goal, will now hope for one last hurrah in Italian football's top flight.