Leicester have released winger Jonathan Hayes by mutual consent.
The 23-year-old was signed by Martin Allen from Reading in 2007 after impressing on loan with his former MK Dons side. However, the winger went on to make only 7 appearances later, before joining Northampton Town on loan last season.
He was then re-signed by Allen at Cheltenham Town on another loan, where he went onto make a further 6 appearances.
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