Taylor, who has been playing for club Fenerbahce in the highly regarded Euroleague, has cited personal reasons, including a family illness, for taking a break from the game.
"I have loved playing for such a proud club with such passionate fans. I have thoroughly enjoyed my time with Fenerbahce, and regret that I must leave to address some personal issues in my life. I have therefore made the difficult decision that these things must take priority over basketball at this time."
Taylor wished her teammates and the club success for the remaining part of the season.
"I know that the quality of the players on the team combined with the fighting spirit of the club will see their successful season continue, and I wish the players and the club the greatest success."
Taylor has been in career best form and is currently the Euroleague's third-leading scorer, averaging 19 points per game. Taylor's team Fenerbahce is undefeated in Euroleague play and also leads the Turkish Basketball League table.