For the 2009–10 NBA season, Jarić and the Memphis Grizzlies mutually agreed that Jarić would not attend training camp or any of the preseason games. Jarić was granted permission to seek a new team and a possible contract buyout for the remaining 2 years and $15 million of his contract. He then signed with Real Madrid on December 22, 2009. On January 14, 2011 he signed with Montepaschi Siena until the end of the 2010–11 season.
In October 2012, Jarić signed with the Chicago Bulls. However, he was waived on October 24. In September 2013, he signed with the Brooklyn Nets. However, he was waived on October 15.
Marko Jarić is the son of Srećko Jarić, a retired Serbian professional basketball player, who played as a guard for KK Radnički Belgrade and was regarded by coach Dušan Ivković as the "biggest talent he ever had under his charge". Marko has an older sister named Tamara and a younger brother named Nikola (b. 1987), who lives and plays basketball in Switzerland.
Jarić also holds Greek citizenship, under the surname Latsis, which was the name he played basketball under in Greece.
On June 12, 2008, Jarić became engaged to Brazilian supermodel Adriana Lima after proposing to her on her 27th birthday. The couple wed in Jackson Hole, Wyoming, USA on Valentine's Day 2009. The couple have two daughters: Valentina Lima Jarić (Serbian: Валентина Лима Јарић; born November 15, 2009) and Sienna Lima Jarić (Serbian: Сијена Лима Јарић; born September 12, 2012). The couple announced their separation on May 2, 2014 after five years of marriage.