The 32-year-old, who has spent 12 years with the club, has not made the squad for any of their league matches so far this season.
"(Izzet) has today ended his twelve year association with the club, parting by mutual consent," tweeted the League One club.
Izzet leaves having made 471 appearances for the Essex outfit.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Walsall | 10 | 6 | 1 | 3 | 19 | 12 | 7 | 19 |
| 2 | Gillingham | 10 | 6 | 1 | 3 | 12 | 5 | 7 | 19 |
| 3 | BarrowBarrow | 10 | 6 | 1 | 3 | 13 | 7 | 6 | 19 |
| 4 | Doncaster RoversDoncaster | 10 | 6 | 1 | 3 | 15 | 12 | 3 | 19 |
| 5 | Notts County | 10 | 5 | 3 | 2 | 17 | 9 | 8 | 18 |
| 6 | Port Vale | 10 | 5 | 3 | 2 | 15 | 12 | 3 | 18 |
| 7 | Fleetwood TownFleetwood | 9 | 4 | 4 | 1 | 16 | 9 | 7 | 16 |
| 8 | Crewe AlexandraCrewe | 9 | 5 | 1 | 3 | 10 | 9 | 1 | 16 |
| 9 | Newport CountyNewport | 9 | 5 | 0 | 4 | 15 | 17 | -2 | 15 |
| 10 | Grimsby Town | 10 | 5 | 0 | 5 | 13 | 17 | -4 | 15 |
| 11 | Chesterfield | 10 | 3 | 5 | 2 | 17 | 10 | 7 | 14 |
| 12 | AFC Wimbledon | 7 | 4 | 1 | 2 | 9 | 5 | 4 | 13 |
| 13 | MK Dons | 10 | 3 | 3 | 4 | 13 | 12 | 1 | 12 |
| 14 | Bradford CityBradford | 9 | 3 | 3 | 3 | 11 | 10 | 1 | 12 |
| 15 | Salford City | 9 | 3 | 3 | 3 | 6 | 9 | -3 | 12 |
| 16 | Colchester UnitedColchester | 10 | 2 | 5 | 3 | 13 | 15 | -2 | 11 |
| 17 | Tranmere RoversTranmere | 9 | 2 | 5 | 2 | 5 | 9 | -4 | 11 |
| 18 | Harrogate TownHarrogate | 10 | 3 | 2 | 5 | 9 | 16 | -7 | 11 |
| 19 | Bromley | 10 | 2 | 4 | 4 | 12 | 14 | -2 | 10 |
| 20 | Cheltenham TownCheltenham | 10 | 3 | 1 | 6 | 12 | 16 | -4 | 10 |
| 21 | Swindon TownSwindon | 10 | 1 | 5 | 4 | 9 | 13 | -4 | 8 |
| 22 | Carlisle UnitedCarlisle | 10 | 2 | 1 | 7 | 10 | 19 | -9 | 7 |
| 23 | Accrington StanleyAccrington | 9 | 1 | 3 | 5 | 11 | 19 | -8 | 6 |
| 24 | Morecambe | 10 | 0 | 4 | 6 | 8 | 14 | -6 | 4 |
| > League Two Full Table | |||||||||
