The Frenchman began his second stint with the Old Lady in 2022 after leaving Manchester United as a free agent.
His time in Turin was blighted by injury before he was later hit with a four-year doping ban after increased levels of testosterone were found in his system.
Pogba's ban was recently reduced to 18 months by the Court of Arbitration for Sport (CAS) meaning he can resume training with a club in January and return to football in March.
However, Juventus have since moved in a different direction which has seen them offload their biggest earners in favour of a more youthful approach.
Pogba's contract was due to run until 2026 but boss Thiago Motta's recent admission that the World Cup winner 'was a great player' insisted that Juventus now view the midfielder as past the peak of his powers.
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A statement from Juventus said: "Juventus Football Club and Paul Pogba announce that they have reached a mutual agreement for the termination of their contract as of 30 November, 2024.
"The club wishes Paul the very best for his professional future."
In a statement, Pogba said: "My time at Juventus has come to an end.
"It has been a privilege to pull on the shirt of the bianconeri and to share so many special moments together.
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"I cherish the memories we made. They live on.
"Even in the most difficult moments over the past year, your support was crucial and I want to thank Juve fans around the world for their compassion.
"It has been a pleasure to have experienced so many great moments with my teammates over the years and I wish them every success in the future.
"I am looking forward to the next chapter of my career and to stepping out on the pitch with my next club."
Pogba was linked with a switch to his native France with Marseille whilst Premier League sides are now on red alert with the view of drafting in the free agent.
There has also been interest from Saudi Arabia as well as MLS with the ambitious Inter Miami also an option.
A potential link-up with Lionel Messi is likely to be fuelled further by the news that Pogba is currently training in Miami where he owns a property.
The France star is believed to be working hard on his return and excited to play again following his reduced ban.
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He is also open to joining a side playing at next summer's FIFA Club World Cup in the United States.
Inter Miami are one of 32 teams invited to take place in the competition that includes Premier League duo Chelsea and Manchester City.
After hearing that his ban had been reduced, Pogba who maintained his innocence throughout the saga said: "Finally the nightmare is over.
"Following the decision by the Court of Arbitration for Sport, I can look forward to the day when I can follow my dreams again."
CAS confirmed that whilst Pogba inadvertently took DHEA, a substance that is on WADA's banned list, the drug only affects females.