Laurent Blanc has left French Ligue 1 champions Paris St-Germain after three seasons.
A PSG statement read: “In a respectful atmosphere, negotiations were completed on June 27. An agreement, by common accord, preserves the interests of both parties.
“As the club decides to head in a new direction for the management of the first team, it wishes to thank Laurent Blanc and expresses its gratitude for the work accomplished over the last three years by Laurent and his staff.
“During his three years at the club, Laurent Blanc won 11 trophies, including two national quadruples, and left a significant mark on the great history of Paris Saint-Germain.”
PSG chairman and CEO Nasser Al-Khelaifi said: “As we embark on a new chapter in the development of the club, I would like to thank Laurent Blanc for everything he has achieved over the last three years, both in terms of the playing style and results.
“I wish him the best for his future challenges.”
Assistant coach Jean-Louis Gasset and physical trainer Philippe Lambert are also leaving with the former France manager.
Sevilla boss Umai Emery is widely tipped to take over the helm from Blanc after winning the Europa League in each of his three full seasons in charge of the La Liga side.