Baena, 30, arrived at Victory on a one-year loan from Granada CF in Spain, and quickly settled into life in Melbourne before representing the club 24 times across all competitions this season.

The Spanish midfielder became a cult hit with his video about going to an AFL match but will now return home following the conclusion of his loan.

Ingham, 25, first arrived in 2016 and finishes his time at Victory with 67 appearances in total.

German defender Neidermeier, 33, represented the club in 19 fixtures this season, starting in all but three, after coming from Bundesliga side SC Freiburg.

The axe falls as Victory clear out their roster ahead of a new coach arriving for next season after Kevin Muscat's departure earlier this month.

A club statement added:  "Melbourne Victory would like to thank Raúl, Jai and Georg for their contributions to the club and wish them all the best in the future."

With Keisuke Honda's departure, there will be at least three foreign player slots for the incoming manager to play with next season.

There may yet be four, with out-of-contract forward Kosta Barbarouses yet to reveal his intentions.

Barbarouses and James Troisi are both free agents next month and it remains to be seen whether Victory recontract the veterans without a permanent manager of the club.

Club best and fairest Leigh Broxham has also come to the end of his deal but will stay on, while defender James Donachie has finished up his six-month loan from his South Korean club.

Swedish striker Ola Toivonen, who was a revelation up front for Victory this season, leads the list of contracted players as he enters the second year of his two-season contract.

Lawrence Thomas, Thomas Deng, Terry Antonis, Anthony Lesiotis and Storm Roux are among the other players signed up for 2019/20.