Tottenham confirmed this morning that Harry Redknapp has left the club.
In a statement on the club's website, chairman Daniel Levy said: "This is not a decision the board and I have taken lightly.
"Harry arrived at the club at a time when his experience and approach was exactly what was needed.
"This decision in no way detracts from the excellent work Harry has done during his time with the club and I should like to thank him for his achievements and contribution."
It brings an end to a three-and-a-half year spell in which Redknapp took over a club in disarray, languishing at the bottom of the Premier League, and took them to the Champions League, in which they beat both Milan sides.
Last season, the club finished fourth, but missed out on another year in the Champions League due to Chelsea's triumph over Bayern Munich. It was a disappointing end to a campaign which at one stage saw them seriously challenging for the title.
Redknapp said in today's statement: "I have thoroughly enjoyed my time at Spurs and am proud of my achievements.
"I have had a fantastic four years with the club, at times the football has been breathtaking.
"I am sad to be leaving but wish to thank the players, staff and fans for their terrific support during my time there."
The 65-year-old had 12-months remaining on his contract but had been seeking an improved, longer-term deal. When it transpired a new contract would not be forthcoming, a decision was made to part company.
Levy concluded his statement by declaring "Harry will always be welcome at the Lane."
Everton manager David Moyes has been installed as the early front-runner.