Moult has returned to parent club Stoke after a five-month loan spell at Valley Parade, while City have opted not to extend former Aston Villa midfielder Hendrie's short-term contract.
Taylor said: "We are unfortunately not in a position to take it any further and I feel really sorry for him (Lee Hendrie).
"Lee has been a superb professional during his time at the football club and it's unfortunate that we can't sort anything out for him, but I really hope he goes on to find something else."
Source: PA
Source: PA