The 32-year-old striker, Sergio Aguero’s contract expires at the end of the season and he has been told it will not be renewed.
The Argentine, who signed from Atletico Madrid in 2011, is the all-time highest goal scorer with 257 goals in 384 appearances for the club.
“With the guidance of the owners and the contributions of many players, we earned a place among the greatest of the world,” Aguero said in a statement announcing his exit.
“I will continue to give it my utmost for the rest of the season to win more titles and bring more joy to the fans.”
“Then, a new stage with new challenges will begin and I am fully ready to face them with the same passion and professionalism that I have always dedicated to continue at the highest level.”
Aguero will be honoured by a statue at Etihad Stadium, alongside title-winning captain Vincent Kompany and influential playmaker David Silva, who left the club in 2019 and 2020 respectively. The striker has helped City win four Premier League titles, one FA Cup and five League Cups.
“Sergio’s contribution to Manchester City over the last 10 years cannot be overstated,” City chairman Khaldoon Al Mubarak said.
“His legend will be indelibly etched into the memories of everyone who loves the club and maybe even in those who simply love football.”