The striker failed to make much of an impression for the Scottish Premiership side.
The 26-year-old joined the Hoops two years ago, but failed to make any real impact during his first season for the club. Though his record in the Europa League was encouraging - he scored two goals in just four games - his tally in the Scottish Premiership was much less convincing as he managed just four strikes in 18 league games.
And after making just one league appearance last season, the Serbian joined Getafe on loan.
Despite his record being equally unimpressive in Spain - the former Sporting Gijon man scored just six goals in 34 appearances in La Liga - The Scottish Sun reports that Juan Esnaider's side have taken up the option to bring him in permanently on a four-year deal.
Though the Bhoys hierarchy will be disappointed that the move did not work out, they will be pleased that he is off their books as his exit may give them extra resources to go after the kind of signings that Brendan Rodgers wishes to bring in this summer.
And if Scepovic is one of several players to leave the club in the coming months, it may benefit Rodgers on the training ground as he will be able to give more time to the players who he feels will play key roles in the squad next season.