Kenny Dalglish has left his post as Liverpool manager.
The 61-year-old has paid the price for Liverpool's poor performances in the Barclays Premier League.
Dalglish's departure comes after he held face-to-face talks with principal owners John W Henry and Tom Werner in Boston on Monday.
The Scot had been expected to depart on holiday on Wednesday but he postponed that and remains on Merseyside.
Dalglish returned to Liverpool in January 2011 as caretaker by new owners Fenway Sports Group and was appointed on a three-year permanent deal last summer.
After spending over £30million on Andy Carroll, he then spent a further £80million last summer - but results have been poor and despite a League Cup final success, it was their worst league campaign since the 1950s.
They lost the FA Cup final to Chelsea, and ended up finishing eighth in the league, below city rivals Everton.
Now after flying to America earlier this week, a decision has been made to part ways and it is understood that Liverpool's owners already have targets in mind.
Sky Sports understands that Wigan boss Roberto Martinez is top of their list of targets and the man who turned Aston Villa down last summer could find it hard to shun a switch to Anfield.
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