The Limpopo side have been making signings for the upcoming season as they look to strengthen after surviving relegation on the last day of the season.
Bakgaga have already signed Cheslyn Jampies, Oscarine Masuluke, Augustine Mahlonoko and Wonderboy Makhubu for next season.
With new players coming in, Madondo reveals that he is one of the those will have to make way for fresh faces following a meeting with chairman Khurishi Mphahlele on Monday.
"Yes it's true bafo, we are just ironing out a few outstanding things here and I move on," Madondo tells snl24.com/kickoff.
"So I'm going to start looking for a new team, we are just negotiating a settlement because I have a year left on my contract.
"We had our first meeting with the chairman and I just hope we iron everything out as soon as possible so we can separate on good terms the same way we met, that's all, nothing else."
The former Maritzburg United midfielder joined Bakgaga last season after a very impressive season in the GladAfrica Championship with Richards Bay but couldn't live up to expectations and struggled for game-time in Limpopo.
The 30-year-old says he is not stressed about his next destination.
"I will see after the negotiations are done, once we agree on a settlement then I will look for a new home," Madondo adds.
"I hope we reach an agreement as soon as possible so I can look for a new home."