Published Friday, 13 December 2013
Callacher is heading for the exit at the Oval. (© Presseye)
The future of Callacher had been the subject of recent speculation, with the Blues thought to be considering a new year bid for the player.
The 22-year-old's Glentoran deal was to expire next summer and the east Belfast club had held contract talks.
However, after they broke down, the club has now said it as "no interest" in keeping the player and he is free to leave if another side can match their valuation of the play.
In a statement, Glentoran said: "Jimmy was approached in May with a view to extending his contract along with a number of other members of the cup winning first team squad.
"At that point he refused to enter into negotiations.
"Earlier this season he outlined his conditions for remaining at Glentoran.
"Each of these conditions was immediately met - a significant payrise, a three year contract with the option of a fourth, and the guarantee of a testimonial season in the final year of the new contract.
"To the surprise of the manager and the club, Jimmy refused to sign the contract on these agreed terms."
Glentoran FC has no interest in keeping any player who does not want to be part of the manager's rebuilding programme.
Glentoran Football Club
The statement continued: "The club was then surprised to read clearly leaked information in the press that Linfield were interested in the player and disappointed to read Jimmy discuss his contract situation with the Belfast Telegraph.
"This discussion would have been more correctly and productively held in private with his club.
"On 3 December the club received a formal, written request from Linfield to speak to Jimmy.
"We had previously received enquiries from other clubs, including a player exchange offer.
"These approaches had been rejected on the basis that we had already agreed terms with the player and awaited his signature.
"Jimmy is free to join any club willing to meet our valuation of the player and his own high valuation of himself."
© UTV News