Former Premier League star Gylfi Sigurdsson has been released by his club after playing just five matches in six months.
Sigurdsson, now 34, left Everton at the end of the 2021-22 season when his contract expired, over a year after his last competitive game for the club.
The former Swansea and Tottenham midfielder was without a club until he joined Danish side Lyngby in August 2023.
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On Thursday, the club announced that the Icelandic International has left the club following injury.
A club statement read: "The Icelander is now finished as a royal blue.
"Football manager Nicas Kjeldsen thanks Gylfi for his time at the club and wishes the Icelander good luck in the future."
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Sigurdsson has immediately joined Icelandic top flight side Valur, the first Icelandic club he will play for in his senior career.
"I am extremely happy with my decision to join Val, which in my opinion is an exemplary team," Sigurdsson said after the move.
"I believe that my style of play is well suited to the football that the team wants to play after training with them recently. I have felt good since I attended my first practice and it will be good to be here.
"When I had decided to come home, I felt it was important to make the right choice. The environment offered by Val is very good and on par with the best in the Nordic countries.
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"So I just have a good feeling about the club and you can feel that there is a lot of ambition here.
"I've never been an Icelandic champion, and considering the personnel at Val, I don't see anything as an obstacle to us fighting for the title.
"I know some of the team very well and am getting to know others better. It's a cool mix of experienced men and young and promising guys that I'm looking forward to playing with."
In 2017 Sigurdsson became Everton's record signing when he joined from Swansea in a £45 million deal.
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He scored 67 Premier League goals across 318 games for Swansea, Tottenham and Everton.
Sigurdsson played for Iceland at Euro 2016 and at the 2018 World Cup, and returned to international action in October 2023 after three years away.
Topics: Everton, Premier League, Tottenham Hotspur
Alex Brotherton