Some people are making the stupid mistake of viewing him in the same bracket as some of the unwanted trash we had in L1 - players who were genuinely worthless, and unmovable due to what we were paying them.
We paid about 300k for him when he had 6 months left on his contract.
He's certainly worth no less than that now. How could he be?
Talk of release or nominal fees is crazy.
Even if no one was currently willing to pay near 300k then only an absolute mug club would let him go for next to nothing. Instead you'd keep him, maybe loan him out and wait until he's either in contention for us or someone's willing to pay what he's worth.