Promising Australian goalkeeper Dean Bouzanis has parted ways with English giants Liverpool.

The 20-year-old shot stopper is on the hunt for a new club after mutually agreeing to a release with one year remaining on his contract.

Bouzanis, who was once rated by former Liverpool boss Rafa Benitez as "the best goalkeeper in the world for his age", says he wants to further his career for both club and country.

With stiff competition to crack the first team including Pepe Reina and out-on-loan Australian Brad Jones, Bouzanis feels it is time to move on.

"At the current stage of my career I'm really focused on being included in the Olyroos squad for the 2012 Olympics and throughout the qualification process, with my ultimate ambition being the first choice goalkeeper," Bouzanis said.

"Given the tough competition for the spot I know that I need to start playing first team football.

"I've really enjoyed my time at Liverpool and would like to thank the club for the opportunity that they gave me.

"I am delighted to have progressed my professional future with Liverpool and be part of a club with so much history behind it."

Since joining Liverpool in 2007 Bouzanis has played for the Liverpool Reserves and Academy and was Australia's first choice goalkeeper at the 2009 FIFA under 20s World Cup in Egypt.

He also attended the Australian team training camp in Germany in March.

AAP