Both parties mutually agreed to terminate their contract this week on the eve of the start of the Turkish top flight this term.
Yobo is now expected to be honoured at Fenerbahce's opening game of the season against Karabukspor.
"Since the 2010-2011 season, Nigerian player Joseph Yobo successfully served Fenerbahce. The Football Federation of Turkey has brought about the restriction of foreign players as mandatory as of today so our paths (with Yobo) is separated. Fenerbahçe Sports Club Board of Directors on Sunday, 31 August, 2014 before a match will reward Joseph Yobo with a plaque of appreciation." Fenerbahce Sports Club, today, thank you for the contribution you have made, we wish you success in (your) future football career," Fenerbahce stated on their official website