Adam Elliott has been released from the final two years of his Canterbury contract in the wake of his latest off-field incident.

The Bulldogs confirmed Elliott's exit on Friday night after he fronted the club's board via Zoom on Monday, explaining the incident that saw he and NRLW star Millie Boyle sanctioned for bringing the game into disrepute.

Elliott was fined $10,000 by the NRL and ordered to undergo education and training after being kicked out of a Gold Coast restaurant, while Boyle was issued a warning by the governing body.

"Adam and the Bulldogs have decided it is in the best interests of both parties to go our separate ways," CEO Aaron Warburton said in a club statement.

"The club is committed to supporting Adam during this time. We wish Adam all the best for the future."

Elliott was contracted with Canterbury until the end of 2023 after re-signing just last year, knocking back a lucrative offer from the Warriors in the process.

It's believed the 26-year-old's exit will free up more than $400,000 from Canterbury's tight salary cap next season, while Elliott looms as a potential forward pick-up for rivals as he now looks to keep his career alive.