Coady made just six appearances for Wrexham after moving to north Wales from Leicester City last summer.
He joined Charlton Athletic on loan midway through the 2025-26 campaign and made 12 appearances before returning to Wrexham in the summer.
The centre-back was not included in any of the matchday squads for the Red Dragons’ opening four matches.
Despite failing to make an impact at Wrexham, Coady expressed his gratitude to Phil Parkinson’s side for the way they helped him prematurely terminate his deal.
“I appreciate Wrexham helping me in the last couple of days and coming to a decision I think is right for everybody,” he added.
“I want to make a difference, whether that’s on or off the pitch. I want to be a real driving force.
“I struggled to get that at Wrexham for one reason or another and didn’t get the opportunity to do so.
“I’m craving that if I’m being honest. I’m not someone who can just sit on my hands and just enjoy going into training, come home and everything’s good and you pick up your wages. I’m not that sort of person.
“It was big that I got out of the contract so I could just take a step back, breathe a little bit and go ‘what’s right next for me?’.
“It definitely needs to be the right opportunity and the right club because I feel like I’ve chased a little bit over the last couple of years and I don’t want to carry on doing that.”
