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Spanish midfielder Raul Baena and German stopper Georg Niedermeier have been released by A-League club Melbourne Victory.

Melbourne Victory have released international pair Raul Baena and Georg Niedermeier as the A-League club move into the post-Kevin Muscat era.

Fringe winger Jai Ingham has also left the club at the completion of his contract.

With Keisuke Honda's departure, there will be at least three foreign player slots for the incoming manager to play with next season.

There may yet be four, with out-of-contract forward Kosta Barbarouses yet to reveal his intentions.

Barbarouses and James Troisi are both free agents next month and it remains to be seen whether Victory recontract the veterans without a permanent manager of the club.

Club best and fairest Leigh Broxham has also come to the end of his deal but will stay on, while defender James Donachie has finished up his six-month loan from his South Korean club.

Swedish striker Ola Toivonen, who was a revelation up front for Victory this season, leads the list of contracted players as he enters the second year of his two-season contract.

Lawrence Thomas, Thomas Deng, Terry Antonis, Anthony Lesiotis and Storm Roux are among the other players signed up for 2019/20.