The 36-year-old rejoined the Merseyside club from PSG back in the summer of 2022 and has been a mainstay ever since.
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Gueye made 236 appearances across all competitions for Everton over his two spells, including 25 last season.
Everton have now confirmed that the central midfielder has left the club as a free agent after the two parties were unable to agree on a contract extension.
Per The Athletic, talks were halted during Senegal’s World Cup campaign, and Gueye is now expected to take a more lucrative offer elsewhere.