With former teammates under 23 Callum O’Hare and Jake Doyle-Hayes, Hepburn-Murphy will leave Villa Park after his contract expires on June 30.
This puts an end to a long association with Villa for the former Aston Manor school pupil and he will now seek to forge a professional career elsewhere.
Posting on Twitter, he said, “Fifteen years in this huge club! I can’t thank everyone enough, from the staff to the players I worked with at Aston Villa and even the fans! The dream will continue in a different place. ”
Hepburn-Murphy spent the first half of the season on loan with Ligue 1 club Tranmere Rovers, scoring five times in 23 appearances, before being recalled and loaned to Derby County in January.
He became the club’s youngest debutant in the Premier League in 2015 when Tim Sherwood selected him to face Sunderland at the age of 16.
Hepburn-Murphy would still only play 16 times in burgundy and blue.