Chelsea will part ways with Jose Mourinho barely a year after the Portuguese manager had led them to a Premier League title.
Having also won the League Cup trophy last season, Chelsea curiously slumped this season and lost nine league games in sixteen matches.
His latest match was a 2-1 defeat by Leicester City, which dropped the London Club down to sixteenth place, with only one point away from relegation placing.
Initially it appeared that despite all the failures, the Special One had the support of club owner Roman Abramovich.
However, his dismissal was announced on Thursday.
“Chelsea Football Club and Jose Mourinho have today parted company by mutual consent.”
“All at Chelsea thank Jose for his immense contribution since he returned as manager in the summer of 2013.”
“His three league titles, FA Cup, Community Shield and three League Cup wins over two spells make him the most successful manager in our 110-year history.”
“But both Jose and the board agreed results have not been good enough this season and believe it is in the best interests of both parties to go our separate ways.”
“The club wishes to make clear Jose leaves us on good terms and will always remain a much-loved, respected and significant figure at Chelsea.”
“His legacy at Stamford Bridge and in England has long been guaranteed and he will always be warmly welcomed back to Stamford Bridge.”
“The club’s focus is now on ensuring our talented squad reaches its potential.”
“There will be no further comment until a new appointment is made.”
Among the speculated replacements for Mourinho include Pep Guardiola, Guus Hiddink, Juande Ramos and Brendan Rodgers.