HITC Sport understands the Oxford United midfielder is set to leave the club.
Oxford United midfielder Michael Collins is to cancel his contract by mutual consent early to enable him to find a new club, HITC Sport understands from sources close to the club.
Collins joined Oxford in the summer of 2014 and became manager Michel Appleton's first signing at the Kassam Stadium.
The former Huddersfield man initially signed a one-year deal at Oxford, but won a 12-month extension by triggering a clause in his contract after becoming a key man in Appleton's side.
The former Republic of Ireland Under-21 international made 43 appearances for Oxford last season, but has not featured this term and was loaned to League Two rivals York City in October.
The 29-year-old made 10 appearances for York during his one-month stay at Bootham Cresent, but he does not figure in Appleton's plans and both parties are willing to go their separate ways.
The news has alerted a number of clubs in League One and League Two to Collins' availability with the midfielder boasting a wealth of experience having made over 300 first-team appearances in his career.