The Brazilian defender could not agree terms on a new contract after the Reds offered him a pay-as-you-play deal and so will leave Anfield on a free transfer when his contract expires next week. He leaves with the praise of Rafael Benitez.
"Fabio's contract is nearly finished and he is going to leave us," said Benitez.
"We had been trying to work something out with regards an extension but it was a pity that we couldn't. He has given us absolutely fantastic service.
"Fabio is a top professional, a great player and a really good lad. I mean every single word I say about him.
"It has been a pleasure having him here and we really will miss him."
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