The 37 year-old has had his deal terminated by mutual consent.
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The attacking midfielder has managed just the two appearances for Mallorca this season.
Rodriguez is eager for regular football at this stage of his career and secured a release yesterday.
Mallorca announced in a short statement: "RCD Mallorca and Dani Rodríguez have reached an agreement to terminate the player's contract, ending his seven-and-a-half-season tenure at the club."