Schalke have terminated the contract of midfielder Albert Streit with immediate effect.

Streit, a former Germany B international, has not played for Schalke's first team for over two years after falling out of favour following a series of injuries.

The 31-year-old has previously threatened to sue his club for their attempts to terminate his contract after forcing him to train with the reserves.

Streit and the club have now reached an out-of-court settlement over the ...

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