Tim Sherwood has left Tottenham Hotspur after five months in charge as manager.
The former Spurs skipper was appointed head coach after André Villas-Boas' sacking in December and signed an 18-month contract in his first managerial role.
However, five weeks ago it emerged Sherwood would not stay at White Hart Lane beyond the summer and he becomes the 12th Premier League manager to lose his job this season. Southampton manager Mauricio Pochettino is favourite to replace him.
“We appointed Tim mid-season as someone who knew both the players and the club," said Spurs chairman Daniel Levy.
“We agreed an 18-month contract with a break clause at the end of the season and we have now exercised that option.
“On behalf of the Club, I should like to state our thanks for all his efforts during his years with us. We wish him great success in his managerial career.
“Moving forward, now the season is over, we shall embark on the process of finding a new Head Coach. We have a talented squad and exciting young players coming through. We need to build on this season, develop our potential and inspire the kind of performances that we associate with our great club."
Sherwood guided Spurs to a sixth in the table, as the club qualified for the Europa League again, rather than the Champions League.
The ex-Blackburn midfielder won 14 of his 28 games in charge, although his management, especially his tactics, were fiercely questioned. Sherwood's candid criticism of Tottenham players, whom he accused of a "lack of respect", also highlighted his naivety.