Peter Taylor hopes Lee Hendrie is given a platform to rebuild his career in English football after deciding not to extend his deal at Bradford City.
The ex-Aston Villa midfielder was absent from the Bantams' squad for their 2-1 win at Lincoln, prompting suspicions he was injured.
But Bradford boss Taylor revealed he had decided to release the 33-year-old, a decision that was influenced by him overspending his budget.
He said: "We were not in a position to take Lee's deal further. I was upset as much as I was disappointed because I had to inform him and I felt very sorry for him. He's a great lad, he's still a very, very good player, but I have overspent anyway and in the end, we could only take it so far.
"He's a very good professional and I am hopeful that somebody else out there takes him, just as long as it does not hurt us too much."
Taylor did revealed he is in talks to keep custodian Lenny Pidgeley.
City enjoyed a dream start at Sincil Bank with James Hanson, who cashed in defensive dithering from Moses Swaibu to nip in to fire in a third-minute opener.
A stunning goalline clearance from Jamie Clapham denied the visitors a second, but the hosts were handed a lifeline on 25 minutes when Gareth Evans was penalised for handball, with Ashley Grimes sending Pidgeley the wrong way.
But the third and decisive goal arrived three minutes before the break with Evans turning from villain to hero, with a mesmerising run and quality left-footed shot past Joe Anyon to seal the points for the Bantams.