Austin made 109 appearances for the Whites in three season.
Also released were Daniel Atkinson, Austin, Luke Booker, Alex Cairns, Afolabi Coker, Taylor, Zac Thompson, Michael Tonge, and Aidan White.
However Lewie Coyle, Tyler Denton, Eric Grimes, Luke Parkin, Kalvin Phillips, Alex Purver, Jake Skelton, and Lewis Walters were all offered new deals.
Leeds finished 15th in the Championship and had their transfer embargo lifted yesterday.
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