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The former Cannes midfielder was unfairly blasted on radio by manager Russell Slade a month ago after the 2-2 away draw with Notts County, and the player has never been as good since.
Chairman John Fenty mentioned "I think we've all seen what Thomas can do. The flashes of silky skill"
"But we've also seen the other side, and will not be offering Thomas a new deal this year"
It is expected Oxford United may talk to Pinault now, after his French agnet asked an unknown English agent to find him a new club back in April.
Personally I will be sad to see Pinault go. Grimsby Town MAD would like to wish Thomas all the best for the future.