Braaten was signed for the Trotters by former boss Sammy Lee last summer from Rosenborg, but failed to start a Premier League match under manager Gary Megson, who took charge in October.
And the Norway international's agent, Stig Lillejord, has confirmed that he will seek an exit after a frustrating 2007/08 campaign.
"I can only divulge that I am in Toulouse. Besides that, I have no comments," Lillejord told VG.
"The situation for Daniel has been far from perfect since the managerial change.
"We are now considering alternatives. He should join a competitive league and a club where he can strengthen the starting XI."