Matt Penney has returned to his parent club Ipswich Town following the expiry of his loan deal.
The 24-year-old joined Motherwell late in the summer on a six month loan from the League One side and went on to start 18 times for the Steelmen.
Winning two player of the month awards in his time at the club, Penney started every game after his debut against Inverness in the Premier Sports cup.
“Matt has now went back to Ipswich, however we remain in dialogue with them with regards to Matt,” manager Steven Hammell said.
“Although discussions are ongoing, we are constantly looking at viable alternatives in the transfer market.”
“Matt has been an outstanding addition to the team this season and should he not return to the club, I want thank him for his effort in his time at Motherwell.”