Isco and Sevilla have mutually agreed to terminate his agreement.
Isco scored one goal in 19 appearances for Sevilla and has seen his time on the field drastically reduced since the arrival of Jorge Sampaoli in October.
The club said in a statement: \"Sevilla FC and Isco Alarcon have agreed to terminate the contract that united both parties since the player from Malaga joined the Nervionense club last summer after finishing his spell at Real Madrid...The club wants to wish Isco all the luck in the world in his new professional challenges.\"