UAE side Al Jazira have confirmed the termination of Lassana Diarra's contract by mutual consent.
Mexican side Pachuca claimed third place at the Club World Cup with a comprehensive 4-1 win over Al-Jazira.
Real Madrid midfielder Luka Modric says his team's inability to convert their chances was the reason why they "suffered" against Al-Jazira.
Real Madrid reached their third Club World Cup final in the past four years with a 2-1 victory over Al Jazira on Wednesday.
Al Jazira set up a FIFA Club World Cup semifinal against European champions Real Madrid as they beat Urawa Red Diamonds 1-0 in Abu Dhabi.
Auckland City were knocked out of the Club World Cup at the first hurdle as Romarinho's first half goal was enough for Al-Jazira to advance.