Inter Milan coach Antonio Conte has left the newly-crowned Serie A champions by "mutual consent", just weeks after leading the Nerazzurri to their first league title in more than a decade.
Conte was reportedly unhappy about the club's decision to sell players in this coming transfer window because of financial constraints.
"Inter can confirm that an agreement has been reached with Antonio Conte for the termination of his contract by mutual consent," the club said in a statement on Wednesday.
"The club would like to thank Antonio for the extraordinary work that he has done, culminating in Inter's 19th top-flight title. Antonio Conte will forever remain a part of our club's history."
Inter's finances were hit badly by the coronavirus pandemic, as well as the club's early elimination from European football, and the club was forced to take out a vast loan from Oaktree Capital recently in a financing deal with the American investment fund.
Inter's owner Suning and president Steven Zhang reportedly wanted to slash the wage bill by 20% and make a profit of around 100 million euros ($A157 million) in the transfer market, likely by selling at least one of the club's most important players.
Inter won their first Serie A title in 11 years this month, in Conte's second season in charge. The 51-year-old had another season remaining on his contract.
He was keen to continue the project he had started at Inter and to build - rather than detract from - his squad in order to be able to challenge in the Champions League.
Inter finished bottom of their Champions League group this season.
Conte previously won three Serie A titles with Juventus and won the Premier League with Chelsea in 2017. He also coached the Italy national team.
Lazio coach Simone Inzaghi is reportedly top of the list of names being considered to replace Conte, along with former Juventus coaches Massimiliano Allegri and Maurizio Sarri as well as Bologna's Sinisa Mihajlovic, who used to play for Inter.