Since joining in the summer of 2000 Cobian has only played 6 times for Swindon, and is reported to be Swindon's biggest wage earner.
Cobian now has serveral months to find himself a new club.
Meanwhile Luke Nightingale is set to return to Portsmouth after his one month loan deal in which is hasn't impressed Andy King enough to give him a regular starting place in the team, instead he has spent most of his loan move sat on the bench.