Melbourne-born full-back Franjic confirmed the news on social media on Friday morning, revealing he and the club have mutually terminated his deal.

Franjic wrote: "I would like to say I have mutually terminated my contract with Daegu FC, I would like to wish the players the best of luck for the rest of the season as you guys were very warm and welcoming. 

"I am looking forward to to next chapter of my football career." 

The 30-year-old had joined Daegu in July, leaving Melbourne City after two injury-cursed years of a three-season deal.

Franjic failed to break into the Daegu line-up after his switch to Korea, making only two K-League appearances.

The 20-time Socceroo's career has stalled since the 2014 World Cup where he injured his hamstring in Australia's opening game against Chile.

Franjic left Brisbane Roar for Russian club Torpedo Moscow after the World Cup but left after less than 12 months due to unpaid wages.