The former Manchester United forward has failed to score in 11 substitute appearances in the Premier League after moving to the Stadium of Light on a free transfer in the summer on a one-year deal.
With Sunderland’s struggle for goals well-documented this season, manager Martin O’Neill is prepared to move the 34-year-old on in the hope he can bring in new signings this month.
“As of today, we have told Louis he is free to speak to other clubs and to leave if he can fix himself up somewhere,” O’Neill told Shields Gazette.
“We have come to an agreement whereby we will cancel the remainder of his contract, shake hands and go our separate ways.
“That said, we are still a bit short in terms of numbers, and Louis may stay with us until the end of the month until such time as – hopefully – we have strengthened the squad a little more. But we agreed that he could go as early as today, if he wishes to.
“I have heard that there is some interest in South Africa for Louis, and it might be of some interest to him.”
O’Neill has been linked with a move for out-of-favour Swansea striker Danny Graham, who has fallen down the pecking order since Michu’s arrival.
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