Penrith Panthers can confirm Tyrone Peachey has been granted a release from the final year of his contract to take up a long-term deal with Gold Coast Titans in 2019.

The 26-year-old utility remains contracted to Panthers for the 2018 season.

Peachey has played 85 games and scored 29 tries since joining Panthers in 2014.

"Tyrone has been wonderful for our club," Panthers Executive General Manager Phil Gould AM said.

"He came to Panthers looking for an opportunity to play NRL football and has now developed into a representative class player.

"The contract at the Titans is a great deal and tremendous security for Tyrone and his young family.

"At the moment though, he is still a Panther for 2018 and we get to enjoy his football for the rest of the season.

"Tyrone is looking forward to the year ahead and remains committed to finishing his time here at Panthers on a positive note."