Hazard had one more year on the five-year contract he signed when he arrived on a blockbuster 100-million-euro transfer from Chelsea in 2019. The Belgium forward was plagued by nagging injuries from the start and fell out of contention for playing time.
Madrid said in a statement it “reached a deal” with Hazard “whereby the player will leave the club as of 30 June 2023.”
Madrid did not mention if Hazard will move to another club.
Asensio, 27, had a contract that expired this month.
The club added that little-used striker Mariano was also leaving.
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Madrid stars Luka Modric and Toni Kroos all have contacts that expire at the end of the month.