Jarryd Hayne and the Gold Coast Titans are set to part ways with the star fullback reportedly telling senior officials he won't be with the club in 2018.

Hayne has been linked with a return to his former club the Parramatta Eels on a cut-price deal to enable him to be closer to his family who are based in Sydney.

The Titans are expected to make an announcement this afternoon to confirm Hayne's release from the remainder of his contract.

Hayne's departure will give the Titans a large portion of their salary cap back to target another star player, with fullback likely to be their top priority.

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