The Mirror reports that the 48-year-old made the announcement to fellow cast members following talks with show bosses last week.
And insiders say he is set to quit in late autumn to pursue other projects – posibly including pantomime this Christmas.
However Davro has hinted that he may be back in Albert Square at some point.
“I have had a fantastic year with EastEnders and made lots of friends,” he told the paper. “I hope to be back at some point.”
And with Vinnie’s son Callum, played by actor Elliot Jordan, set to make his debut in Walford soon, a return for Vinnie is not out of the question.
“Bobby has been a real hit with EastEnders fans and it has been mutually agreed he will leave the show shortly but a return is quite possible,” an insider told the paper.
“With his on-screen son set to arrive, that will enable him to visit Walford next year if he has to come back to sort out any problems.”
Producer Diederick Santer added, “We’ve really enjoyed having Bobby with us at EastEnders. I hope this is not so much goodbye as see you later.”