Real Madrid manager, Carlo Ancelotti has been sacked by the club following two seasons of poor performance by the Spanish club.
Anceloti who is 55 years of age led real to victory in the Spanish Cup before claiming the club’s 10th European Cup last season.
However Real were knocked out of this years champions league semi finals by Juventus, while Barcelona won La Liga.
The Italian coach is one of the most decorated in football, having won titles at Milan, Chelsea and Paris Saint-Germain before taking the Madrid job two years ago.
He now joins a long list of top-class managers to have been fired by Madrid, which has gone through 11 coaches since Vicente del Bosque’s four-year reign ended in 2003.
Ancelotti’s side finished second in Spain’s top flight, two points behind Barca, who have reached the Spanish Cup and Champions League finals.
Club president Florentino Perez told a news conference it had “not been an easy decision” before thanking Ancelotti and adding that a new manager would be appointed “next week”.
Ancelotti had received an ovation at the Bernabeu after Madrid beat Getafe 7-3 in the team’s final game of the season on Saturday. Cristiano Ronaldo had also shown his support for the Italian coach by posting a photograph of himself next to Ancelotti on his official Twitter account.
Napoli boss Rafael Benitez is the favourite to take over the vacant role once the Italian season ends.
