Miami Heat star Dwyane Wade has officially departed Jordan Brand for Beijing-based footwear and apparel company Li-Ning, according to a source familiar with the situation.

Wade had been with Jordan Brand since 2009 and his contact expired on Oct. 1.

"The Jordan Brand and Dwyane Wade have mutually agreed to end our relationship. We wish Dwyane well as he continues his career," Jordan Brand said in a statement.

Wade confirmed Tuesday that he left Jordan but did not say what brand he would represent.

"I did mutually part ways with the Jordan and Converse umbrella," he said. "We had a great nine years, but we did mutually part ways."

On not being involved with his idol, Michael Jordan, Wade added: "We went our separate ways. I still feel honored to have represented my favorite player of all-time and his brand, and the opportunity I was given. But I'm not disappointed at all."

Rumors started heating up that Wade would be leaving Jordan Brand last month when he wasn't scheduled to debut a new sneaker for the 2012-13 season, which his fellow endorsers Carmelo Anthony and Chris Paul were set to do. There was still uncertainty through the weekend after Wade wore his Jordan Fly Wade 2 kicks to Heat media day on Sept. 28.

In addition to the source's information, Philadelphia 76er Evan Turner, who reps Li-Ning, tweeted this on Monday: "I'd like to welcome the homie D Wade to the Li-Ning family!!!" The tweet has since been removed.