The 29-year-old has been released from his contract which ran until the end of this season and is now a free agent.
Michu scored 28 goals in 67 games for Swansea after joining from Rayo Vallecano in 2012 for 2 million pounds ($3.02 million)
He scored twice on his debut in a 5-0 win at Queens Park Rangers and was the club's leading scorer in his first season with 22 goals, including one in a 5-0 victory over Bradford City in the League Cup final.
Injuries have hampered Michu's career since, however, and he spent last season on loan at Italian club Napoli.
(Reporting by Ed Osmond, editing by Pritha Sarkar)
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