Leicester City have announced that Tom Hopper, Adam Smith and James Pearson have had their contracts terminated following an incident on an end-of-season tour in Thailand.
Footage of the trio engaging in sexual activity with a group of Thai women emerged via The Mirror last month in a video that is considered to have racial undertones.
One of the men is thought to have referred to one of the women as a "slit eye", which has seen them condemned for their behaviour.
Hopper, Smith and Pearson - son of first-team manager Nigel Pearson - have since reportedly been the subject of death threats online and all three have now been released by the Foxes.
The club released a statement reading: "The decision follows the conclusion of an internal investigation and disciplinary proceedings, as a consequence of events that took place during the club's end-of-season goodwill tour of Thailand.
"Leicester City Football Club is acutely aware of its position, and that of its players, as a representative of the city of Leicester, the Premier League, the Football Association and the club's supporters.
"It is committed to promoting a positive message of community and family values and equality, and to upholding the standards expected of a club with its history, tradition and aspirations. The club will make no further comment on the investigation, its finding or outcomes."
The video was initially leaked when a friend of one of the men passed it on.