It seems that the former Wealdstone, Woking, Aldershot Town, Shrewsbury and Plymouth Argyle striker had not settled into the dressing room as the manager would have wanted and an amicable parting of the ways was agreed.
His registration with the National League has been cancelled.
Morgan was signed from league rivals Bath City after his former manager and mentor Gary Owers left the Romans job to go to Torquay United.
He had yet to score for the Beavers but was desperately unlucky not to get off the mark in the Emirates FA Cup tie at Cinderford Town.