Lovell scored 10 goals in his one season at Falkirk
Steve Lovell and Gerard Aafjes are among the latest players to leave Falkirk as new manager Eddie May continues to re-shape his squad.
Lovell has been told he will not be offered a new deal, while Dutchman Aafjes has decided to remain in his homeland for family reasons.
"Stevie could only train twice a week and play on Saturday. That hampered him and his confidence," said May.
"It's my job to find a better player, and I'm confident I can do that."
The Bairns have let a number of players leave the club since May took control of the first team squad.
Dean Holden has signed for Shrewsbury and Michael Higdon has joined Scottish Premier League rivals St Mirren.
Patrick Cregg and goalkeeper Dani Mallo have been strongly linked with Hibs, while Kevin McBride, Mark Staunton and Scott Gibb have also been told they can leave.
But Carl Finnigan is close to signing a new deal, while goalkeeper Robert Olejnik has agreed a two-year contract extension.
Explaining his reasoning for the departures of Lovell and Aafjes, May told BBC Scotland: "I've watched Stevie over the last couple of seasons, and I just don't think it was appropriate to offer him another deal.
I'm pretty confident that come the first league game we'll have the players who will do well for Falkirk
Falkirk manager Eddie May
"You have to train to play, or it will eventually catch up with you.
"You can cause yourself problems if you say to a boy he'll play every week but only train twice a week.
"I also spoke with Gerard on Friday. He wanted to come back, but because of a family illness he feels it's best to remain in Holland."
May said he expects to have new players at the club by the league kick-off on 15 August.
However, he added that he may have to make do with those currently under contract for the Europa League tie against FC Vaduz on 16 July.
"There'll be a couple in, but six or seven signings by the European game, that's not realistic," added May.
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