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According to the Football411 website, having joined Chiefs in 2005 from bitter rivals Orlando Pirates, Tau was named club captain three years later and went on to make 210 appearances for Amakhosi.
The uncompromising right-back helped the Glamour Boys win the Supa8, ABSA Cup, MTN8, Nedbank Cup and Premiership titles over the course of his stay at Naturena, as well as three Telkom Knockout crowns.
However, the 32-year-old spent Chiefs' almost entire league and cup double-winning campaign this past term on the sidelines due to injury.
The former South Africa international was named on the bench by Stuart Baxter for his side's final PSL match of the 2012/13 season against the University of Pretoria, but failed to make an appearance.
"We are grateful for the service he has given the Club for the past eight years. Jimmy has been a loyal servant of the Club, a Captain and Ambassador," Chiefs general manager Bobby Motaung told the club's website.
"The Club is happy to have contributed to his growth and even contributed to his educational development. He remains an inspiration to the youth. We would like to wish him all the best in all that he endeavours in life.
"On behalf of our Executive Chairman, Kaizer Motaung, the Board of Directors and Kaizer Chiefs Family in its entirety we thank Jimmy (Tau) for his contribution."
Affectionately known as 'Lion of Teranga' in football circles, Tau said an official statement on Thursday:
"After meeting the Club's Football Manager, Bobby Motaung this morning together with my Business Manager; One would like to bid the millions of Kaizer Chiefs supporters farewell, this is after a long discussion where he broke the news that I will not be featuring in the Coach's plans in the upcoming season.
"I would like to take this opportunity to thank the Executive Chairman, Kaizer Motaung for affording me an opportunity to be part of this Club. Also the Club's Football Manager (Bobby Motaung) for his support during my career at the Club, my teammates, cleaning staff and general staff members.
"As I bid the Amakhosi faithful goodbye I want to thank them for supporting me during rough times and injury period at Kaizer Chiefs. I will forever be grateful for having been part of the family.
"To the Technical Team I would like to officially congratulate them for the job well done and wish them all the best in the next season and beyond. To my colleague and current captain of the Club, Itumeleng Khune, I wish him all the best in the role I was once given honour to play.
"To my family, members of the media and friends; thank you for being there for me all these years."
Meanwhile, Chiefs have also revealed that out-of-favour midfielder Abia Nale has been put on the transfer list, having returned from his recent loan spell at Ajax Cape Town.
