The news is thought to have alerted some of Denmark's top clubs, particularly his former club Farum, and also defending champions FC Copenhagen, who have had a disappointing season.
The Danish youngster signed for City as a 19-year-old in the summer of 2002 and was touted as 'one for the future'.
He then featured in City's youth and reserve teams before finding himself thrust into the first team last season due to an injury to David Seaman and because second-choice Nicky Weaver was short of full fitness.
Stuhr-Ellegaard looked a little out of his depth during his 7 City appearances, although they were during the dreadful run City endured from November 2003 to February 2004.
The 21-year-old played 3 games on loan at Blackpool this January, but it looks as though not even that could save his career in England.