The 33-year-old, a member of France’s 2018 FIFA World Cup-winning squad, joined the club in the summer of 2024 and enjoyed two consistent seasons.
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Sidibe made 63 appearances, scoring three goals and providing seven assists. He featured in 35 matches last season, with his ability to play at both right-back and centre-back proving invaluable to coach Carles Martínez Novell.
Having previously represented AS Monaco, Lille OSC, Everton and others, Sidibe is now seeking a new challenge.
Meanwhile, Toulouse could also lose defender Charlie Cresswell, who is attracting interest from Rennes and Crystal Palace.