He played 36 times for England, scoring once in a friendly against Iceland in 2004, and made two appearances at the 2002 World Cup.
"Wayne is a top player whose season was sadly hampered by injury but he’s worked ever so hard," manager Nigel Adkins said on the club website (www.readingfc.co.uk).
He played 12 times for Reading this season.
Captain Jobi McAnuff, Mikele Leigertwood, Kaspars Gorkss and Stuart Taylor have also left the club, who missed out on the Championship playoffs by one point.
(Reporting by Josh Reich; editing by Toby Davis)
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