Zamalek have terminated the contract of Hany Said after coming to a mutual agreement with the out-of-action defender.
"The club agreed to release the player who, for his part, agreed to waive dues owed to him by the club," board member Ahmed Soliman told Ahram Sport on Sunday.
"The player may receive some of his dues after the club has passed through this current financial crisis," Soliman added.
The 28-year-old, who penned a permanent deal with the Whites two years ago, has experienced a financial dispute with the club since last season.
Coach Ahmed Hossam 'Mido' has given Said a two-day break to visit his family in Alexandria before he returns to finalise his departure.
The Whites play Qanah in the league on Sunday. They are bidding for their first title since 2004 but sit fourth in Group B with 25 points.
Read more about Group B ongoing three horse race here.
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