Tim Cahill, NY Red Bulls Mutually Part Ways: Latest Details and Reaction | News, Scores, Highlights, Stats, and Rumors

Australia international Tim Cahill has left Major League Soccer's New York Red Bulls by mutual consent, it's been revealed.   

The club's official Twitter account announced on Monday that Cahill's contract has been terminated, allowing the veteran forward to sign for a new club before Europe's January transfer window closes:

New York Red Bulls @NewYorkRedBulls

.@Tim_Cahill and the Red Bulls have reached a mutual decision to end his contract. #RBNY

This decision was not made lightly, and it is the result of many conversations between our staff, Tim, and his agent. After much deliberation, we have agreed that this decision is best for all involved. We thank Tim for his service to the organization. He positively impacted the growth of the beautiful game in the United States, MLS and for the Red Bulls. We are pleased that Tim will continue to be an ambassador for Red Bull moving forward.

Sports journalist Pete O'Rourke confirms where Cahill will play next:

Pete O'Rourke @SportsPeteO

Tim Cahill announces his next club will be Shenghai Shenhua of the Chinese Super League.

Cahill signed for the Red Bulls in July 2012 after bringing an end to his eight-year tenure with Everton, the MLS outfit being just the third club of his professional career.

Speaking on his time in New York, Cahill was quoted by the official Red Bulls account as speaking highly of his time in MLS:

New York Red Bulls @NewYorkRedBulls

"I've enjoyed every moment of my time at the Red Bulls and leave with great memories." @Tim_Cahill #RBNY

According to Carly Adno of The Daily Telegraph, the 35-year-old had options to join clubs in England, China, the United Arab Emirates and Qatar after helping the Socceroos lift this year's Asian Cup title on home soil.

Cahill scored 14 goals in 62 appearances for the New York Red Bulls, with his departure leaving the Major League Soccer outfit free to sign another Designated Player.