The former Fenerbahce and West Ham United striker joined the club with the ambition of helping them secure promotion back to the top-flight.
The club statement said that Emenike did not reach the expected level of performance after managing just one start in five league games with no goal to his credit.
His short-term contract was to expire at the end of the season but both parties agreed on its termination on Thursday.
“Emmanuel Emenike and KVC Westerlo have decided in mutual agreement to end their collaboration. Despite the many efforts made by both parties in the best understanding, the player could not be brought to the level that both parties had intended,” the statement read.
“In those circumstances, it was appropriate to end the agreement with a good feeling. KVC Westerlo wants to thank Emmanuel for choosing and trusting the club and the player wishes to thank the club for the opportunity he was granted.”
