Removing old iphone from icloud?

I have just upgraded my iphone 4s to an iphone 6, but I can't remove the old phone from icloud, ie it appears in my device list alongside my new phone, with no erase or delete option appearing.

Additional info: I have erased all content from my old phone and removed the sim card and it no longer appears in 'find my iphone'. The phone is locked (T-Mobile).

I want to sell my old phone now, but will there be a problem with it still appearing on the device list?

No, its wiped and should be to the point where someone else can enter their own id and pwd to setup as their own

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