The 27-year-old winger signed for the Magpies last summer following a successful trial period, having spent the past three seasons playing in the Germany and Austrian top flight.
Notts County players and staff celebrate following promotion at Wembley. (Image: PA)
Bennetts played 38 games Martin Paterson’s side, who were promoted to the third tier after beating Salford City 3-0 in the fourth-tier play-off final.
However, he has not been retained at Meadow Lane and is now looking for his next club this summer.
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The versatile player marked returned to English football for the first time since his loan spell at Portman Road in the 2020/21 season.
Bennetts was on loan from German side Borussia Mönchengladbach and made 30 appearances for the Blues, scoring once.