Ahmed Abou-Mosallam terminated his deal with Ismaili by mutual consent on Friday after spending one season at the coastal club.
"I sat down with Ismalil's officials and agreed to rescind the contract," the 28-year-old full-back told FilGoal.com.
Abou-Mosallam, who joined Ismaili last summer on a free transfer, said he's now targeted by three unnamed Egyptian clubs.
"I have three offers from Egyptian sides. I'm yet to make up my mind which bid to accept," he added.
Abou-Mosallam failed to establish himself at Ismali last season, with defender Ahmed Samir Farag showing a great deal of consistency.
Former Egypt full-back Abou-Mosallam, who came through the ranks of Dina Farms, played for Cairo giants Ahli from 2001 till 2005.
He then had two spells in France with Strasbourg and Ajaccio before joining Ismaili.