Hristo Ivanov, a 25-year-old Bulgarian international midfielder, has terminated his contract with the Serbian club Zelezničar Pančevo because he is not in the team's plans for the period after the New Year. The management of the club initiated a campaign to reduce the budget, which involved ending its association with its three highest-paid players, one of whom was Ivanov. While his next destination is unclear, a return to Bulgaria for a second period at 'Lauta' is considered a possibility. Ivanov, who has two caps for Bulgaria, joined the club in July 2025 and made 13 league appearances, providing no goals or assists. According to Transfermarkt, his market value is estimated to be €800k.