Penrith Panthers can confirm Matt Moylan has been released from the remainder of his contract with the club to pursue another opportunity in the NRL.

The 26-year-old played 89 games and scored 26 tries for the Panthers after making his NRL debut in 2013.

"I'm sure I speak for everyone here at Panthers in wishing Matt all the best for this next phase of his life," Panthers Executive General Manager Phil Gould AM said.

"We will follow his football career with great interest."