Forwards Michael Malcolm and Liam Enver-Marum have left Crawley Town by mutual consent.
Both players signed one-year deals in the summer but have spent most of the season out on loan.
Reds manager Steve Evans said: "They are behind several options we have for a regular place in our matchday squad.
"It is only fair we let them move on to get regular first-team action. We thank both the lads for all their efforts and wish them every success in the future."
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