Nate Diaz will have the opportunity to test his value on the open market as a free agent.
Zach Rosenfield, a representative for Diaz, told MMA reporter Ariel Helwani his client's UFC deal expired after September's fight with Tony Ferguson.
Rosenfield did leave open the door for Diaz returning to UFC, telling Helwani the two sides have talked and there is an "extremely appealing" potential bout with Conor McGregor that could get him to return.
Ariel HelwaniMore from Rosenfield on Diaz’s fighting future: <a href="https://t.co/BIQy7YQE2f">pic.twitter.com/BIQy7YQE2f</a>
This article will be updated to provide more information on this story as it becomes available.