The 34-year-old has signed for newly-promoted Brazilian top-flight side Criciuma.
Bolasie, who spent three months with Swansea recently, may want to play into his late 30s and early 40s.
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Transfer guru Fabrizio Romano confirmed Bolasie's move to Criciuma, where he has passed a medical.
Bolasie left Swansea when his short term deal expired, with their recently hired manager Williams stating: "Yannick has been great to work with.
"He has been a real professional and we wish him well in whatever is next for him."