Makovsky announced the news via Twitter on Sunday.
“Honestly shocked but thank you for the opportunity Bellator,” wrote Makovsky.
In a later message he wrote responding to a fan, “Yes released but as every door closes new ones, maybe better ones, open.”
During his time with Bellator, Makovsky amassed a 6-2 record including his run to win the Bellator bantamweight title before losing the belt to Eduardo Dantas earlier this year.
Makovsky dropped his second fight in a row losing by split decision to Anthony Leone just earlier this month, and now he finds himself on the outside looking in with Bellator.