Mauricio Pochettino has left the blues by mutual consent after meeting with sporting directors Paul Winstanley and Laurence Stewart, and co-owner Behdad Eghbali over the course of two days.
According to Telegraph Sport, Pochettino agreed to his departure with Chelsea late on Tuesday morning, following the clubs end of season review that started on Monday.
There is not thought to be any bad blood between Pochettino and Chelsea, who will immediately start their search for a replacement with a young and progressive coach to be targeted.
Chelsea are reportedly looking for a young and Vibrant coach who will replace the Argentine before the new season.
“Chelsea FC can confirm that the Club and Mauricio Pochettino have mutually agreed to part ways.
“Sporting Directors Laurence Stewart and Paul Winstanley said: ‘On behalf of everyone at Chelsea, we would like to express our gratitude to Mauricio for his service this season.
“He will be welcome back to Stamford Bridge any time and we wish him all the very best in his future coaching career.’
“Jesus Perez, Miguel d’Agostino, Toni Jimenez and Sebastiano Pochettino have left the club with Mauricio.
“The Club will be making no further comment until such time as a new Head Coach is appointed.
Club statement confirms.