The former Charlton Athletic and AFC Wimbledon hitman joined Cambridge from Scottish Premiership side Partick Thistle on a two-year deal last July and made sixteen appearances for the League Two outfit.
He managed 3 goals in forty-six appearances during his one season with the Jags - one of his goals coming in a 1-1 draw against champions Celtic.
Azeez's most productive spell came at AFC Wimbledon where he scored 14 goals in in ninety-eight games, helping them win promotion to League One in 2016.
He had begun his Charlton at the age of 14 and progressed through the ranks before signing a professional contract in the summer of 2011
Before leaving The Valley he had loan spells with Wycombe, Leyton Orient, Torquay United and Dagenham & Redbridge.
He also won three England under-19s caps.
The 24-year-old has made four appearances for Whites since making the move to Crabble last month.
Meanwhile, defender George Essuman (pictured) has re-joined Bostik League Premier neighbours Margate until the end of the season
The 21-year-old centre-half, who has made one substitute appearance for Chris Kinnear’s side in the National League this season, has already spent a month with Gate.