Coventry have announced that they terminated the contract of Aiyegbeni who joined them in February.
Aiyegbeni joined Coventry City in February 2017 on a short-term deal until the end of the season.
After just playing three games Coventry, the club on Wednesday, April 5 announced that the striker has had his contract ‘mutually terminated’.
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“The club can announce that former Everton striker Yakubu has had his contract mutually terminated, with immediate effect,” Coventry City said in a statement on their website.
Yakubu made three appearances for the Sky Blues, before suffering a hamstring injury against Swindon Town.
“The club would like to wish Yakubu all the best for the future.”
In his last game for the club, the 34-year-old was heavily criticised by fans after he was filmed walking around the pitch in Coventry’s 1-3 home loss to Swindon on Saturday, February 25.
A video of Yakubu walking lazily around the pitch for more than two minutes circulated wildly on the internet attracting criticisms from fans of the club.
It was however later revealed that he had suffered a hamstring injury and could not be taken off as Coventry City had already made three substitutions.