The South African footballing icon started his career with Orlando Pirates in 1999, but he most recently joined Lidoda Duvha from Mamelodi Sundowns late in October.
However, the 29-year-old is now believed to have been shown the door by Leopards after reports surfaced the playmaker lied about an illness before signing a professional contract with the club.
"Tso had not been well when he joined the team. The boy was not honest enough to disclose his medical condition when he joined the club. This really irked the management of the club," reported The Sowetan.
"The coach (Vladislav Heric), the players and the management of the club have been fully behind Tso, but unfortunately the club can't keep and pay a player who is not fit to play."
Leopards chief executive Fulufhelo Thidiela had on Monday revealed he was aware of the claims regarding Vilakazi, but would only confirm a meeting will be held at the club on Friday to discuss any potential departures.
"I have heard about the claims that Tso is not well but I have never seen him unwell at the club so I will treat these rumours as rumours," Fulufhelo told the newspaper on Monday.
"We are going to meet our technical staff on Friday and they will inform us about who is leaving or staying.
"At the moment I can't say which players will be affected."