The Dane's current contract runs until 2016 but, after spending last season on loan at Aalborg BK, a permanent exit looks to be on the cards.
Helenius, 24, first joined Villa from childhood club Aalborg in June 2013 for around £1.2 million, having scored 30 times in 65 Danish Superliga games over the previous two terms, but his first 12 months in England would prove a relative nightmare.
The Denmark international revealed in September that he had contracted a bacterial infection during the season which, as well as limiting him to one goal in six substitute appearances, was so severe that he was left fearing death and addicted to sleeping pills.
Deemed surplus to requirement in the summer before returning to Aalborg for the 2014-15 campaign, the two-times capped forward has since made slow progress in his bid to return to top form and finished up the term with a less-than-stellar record of 12 goals in 47 total appearances.
He has shown some flashes of his old self, having bagged a first-half hat-trick in last month’s 5-0 league win over Hobro IK, but, despite having another season left on his Villa deal, recent reports have claimed that the club intend to cut ties with him [Birmingham Mail].
Regardless, the 6ft 5in front man has said that he has no intention of going back to the Midlands after his nightmare debut campaign and would now like to secure a permanent return to Aalborg.
"I want to be freed from my Aston Villa contract," he told the Danish newspaper. “Villa does not want me and I do not want them. Now we see what the future holds.”
Continuing on a possible Aalborg return, he added: "I do not know. My agent is working on it but AaB is my club so here is where I would like to go.”
However, as Aalborg sporting director Allan Gaarde has revealed, Helenius might need to take a wage cut if he wishes to strike a deal with his old club.
"The question is whether we can afford to get him on a permanent contract,” said Gaarde. “He's not cheap.”
Given his once-lauded potential, some fans might have wondered whether Helenius could get a second chance at Villa with Tim Sherwood replacing Paul Lambert at the helm, but it looks like there will be no inspiring comeback for the ostracised Dane.