The Jets said on Friday they had let the 27-year-old out of his contract to pursue an offer from another team.
An announcement on Topor-Stanley's future is expected in the coming days with Melbourne Victory, Sydney FC and the new western Sydney franchise among possible destinations.
"He is a good footballer and this is a wonderful opportunity for Nikolai to continue his career at another club," Jets chief executive Robbie Middleby said.
"This opportunity gives him longevity in the game and as a club we couldn't stand in his way.
"We would like to thank Nikolai for his contribution to the Jets and wish him well in the future."
Topor-Stanley has been one of the Jets' best players since signing with the club in 2009.