Roberto Mancini has been sacked as Manchester City manager after three-and-a-half years at the helm
The 48-year-old Italian
replaced Mark Hughes in December 2009,winning the FA Cup in 2011 and City's first
top-flight league title for 44 years in 2012.
Chairman Khaldoon Al Mubarak said: "Roberto's record speaks for itself, he has clearly secured the love and respect of our fans
"He has done as he promised and delivered silverware and success."
The club also said:"This is the outcome of a planned end of season review process that has been brought forward in light of recent speculation
This term, City are a distant second to champions Manchester United, went out in the Champions League group stages and
lost the FA Cup finalto Wigan.
Manuel Pellegrini, Malaga's Chilean coach, is favourite to succeed Mancini.
However, on Sunday night the 59-year-old, who spent one season in charge at Real Madrid in 2009-10, insisted he
was not about to become the new City boss."I deny here and now being the new coach of Manchester City, I haven't signed any agreement with anybody," he said after Malaga's goalless Primera Division draw with Sevilla.