Real Madrid president Florentino Perez announced at a press conference on Monday that coach Jose Mourinho will leave the soccer team at the end of this season after three years with the club.
"We've decided to bring our relationship to an end at the end of the current season," Perez said. "The club and manager agree the timing is right to bring our relationship to an end. On behalf of the board of directors I would like to thank Jose Mourinho for all his hard work. The team have improved in his three years, and we wish him all the best. It was the right moment."
Perez said no decision about his replacement has been made, but Spanish media reported that Paris Saint-Germain coach Carlo Ancelotti is a candidate.
Real Madrid has two matches left this season, and it will end without Madrid winning a trophy.
Perez reiterated that "nobody has fired anyone," saying the separation of coach and club was by mutual agreement.