Coach Laurent Blanc parted ways with Paris Saint-Germain, agreeing a €22million (£17m) severance deal, report French sports daily L’Equipe.
Blanc’s future at PSG appeared in jeopardy three weeks ago when club president Nasser al Khelaifi described the 2015-16 season as a failure because of the club’s elimination from the Champions League by Manchester City at the quarter-final stage.
PSG achieved their second successive domestic treble by winning Ligue 1, the French Cup and the League Cup, but Champions League progress stagnated as they lost in the last eight for the fourth successive season.
Former France defender Blanc, a world champion with Les Bleus in 1998, coached the national team from 2010-12 and took over from Carlo Ancelotti at PSG in 2013.
He also spent two years at Manchester United as a player between 2001-03, making 75 appearances.
He signed a two-year contract extension in February, but his contract was terminated on Wednesday, L’Equipe said, citing unnamed sources.
Spanish and French media reported that Blanc would be replaced by Basque coach Unai Emery, who left La Liga club Sevilla last week.
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