The Iranian center-forward moved to the San Siro last year after a prolific spell at FC Porto.
However, he struggled to secure a regular role last season, and his inconsistent performances drew criticism.
Taremi bagged only three goals and nine assists in 43 games for the Nerazzurri.
Inter is looking to move on from the 32-year-old, and several clubs are showing interest in him.
The Italian giant has identified Manchester United forward Rasmus Hojlund as a potential replacement for the former Porto star.