The former Everton striker joined the Sky Blues on a deal until the end of the season back in February while Russell Slade was in charge.
But after only three appearances, accumulating in just over an hour of football, Coventry have terminated the deal with immediate effect.
The Nigerian was hampered by a knee injury which he sustained against Swindon at the end of February, a game which would prove to be his last for the League One club.
Yakubu joined the Sky Blues six months after his deal with Turkish club Kayerispor had ended. His debut for Coventry, a 61st-minute substitution against Wimbledon, was his first competitive game since April 2016.
At his best, the striker proved a formidable foe for opposition defences. In 2007, he became Everton's record signing at £11.25million and scored 25 goals in 82 league games for the Toffees.
He also enjoyed successful spells at Leicester and Blackburn before making fleeting appearances for other clubs.
Now the 34-year-old is once again without a club after an unsuccessful time of it in the Midlands.
The news comes just hours before Coventry's league clash with Sheffield United at Bramall Lane.
The Nigerian was hampered by a knee injury which he sustained against Swindon at the end of February, a game which would prove to be his last for the League One club.
Yakubu joined the Sky Blues six months after his deal with Turkish club Kayerispor had ended. His debut for Coventry, a 61st-minute substitution against Wimbledon, was his first competitive game since April 2016.
At his best, the striker proved a formidable foe for opposition defences. In 2007, he became Everton's record signing at £11.25million and scored 25 goals in 82 league games for the Toffees.
He also enjoyed successful spells at Leicester and Blackburn before making fleeting appearances for other clubs.
Now the 34-year-old is once again without a club after an unsuccessful time of it in the Midlands.
The news comes just hours before Coventry's league clash with Sheffield United at Bramall Lane.
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