The 21-year-old man impressed during his time at the club but is not in line to renew acquaintances with the Glovers after manager Gary Johnson suggested the midfielder did not want a full-time move.
He said: "I find out if players want to really be here when it comes to making full-time signings. I can tell you now that I don't feel Korey Smith was up for it enough. I think he was looking at other places, which is fair enough and I understand that."
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