The 29-year-old right-back joined the Canaries in January 2016 from Croatian side Dinamo Zagreb and has gone on to become a fan favourite.
Pinto has since made 94 appearances in all competitions for the club and was captain last season but lost his place this term amid Max Aarons's breakthrough.
The Portuguese has featured just six times this season in all competitions and just thrice in the league, according to Transfermarkt.
Norwich also confirmed that Pinto will play his last game at Carrow Road on Monday in a celebration match for his former teammates Wes Hoolahan and Russell Martin.
"I will always be thankful to Ivo for what he has done for us and I wish him from the bottom of my heart all the best," boss Daniel Farke told the official club website.
"He was a fantastic servant of the club and I’m very happy I was allowed to work with this brilliant lad."
Here is how some Norwich fans reacted on Twitter to the bittersweet news of Pinto's impending departure, a sad moment amid the promotion celebrations:
Wishing Ivo all the very best. Gave his all every time he put on the yellow shirt. #ncfc— Mike Ward (@mjtward19) 3 May 2019
Loved this guy. Shame it didn’t work out for him. Can’t fault his passion out on the pitch. Questionable defending at times. Wish him the best— Ague'Roe (@ElliottMiiniRoe) 3 May 2019
Great work Ivo. You’ve captained the club and injected pace energy and enthusiasm time after time. Football moves on a bit cruelly sometimes but you’ve acted with total dignity. Best of luck for the future. @ivopinto6— Matt Bradshaw (@weRhistory) 3 May 2019
Sad, but not unexpected. Good luck Ivo— Beverley (@bjbubbly) 3 May 2019
Was and still is one of my favourite players, a signed shirt of Ivo's is one of the prized possessions. Wish him nothing but the absolute best going forward.— David Wyatt (@DavidWyatt_) 3 May 2019
Please let him have 10 minutes or so at villa— Josh (@ncfcjosh1) 3 May 2019
Norwich will be hoping to make sure of the title in their final game of the season, away at Aston Villa on Sunday, where one point - or a result better than that of Sheffield United away at Stoke City - will mean finishing the campaign in first place.
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