Leicester City have retrenched their manager Craig Shakespeare, four months after he signed a three-year deal with the club.
Shakespeare, 53, succeeded title winner Claudio Ranieri in February, initially on a temporary basis but later signed on a permanent basis.
Michael Appleton will take charge of the squad in the interim.
A statement from the club reads:
“Leicester City Football Club has today (Tuesday) parted company with its First Team Manager, Craig Shakespeare.
“Michael Appleton will be in charge of the First Team as Caretaker Manager for Saturday’s Premier League trip to Swansea City, supported by First Team Coaches Mike Stowell and Adam Sadler.
“Leicester City Vice Chairman Aiyawatt Srivaddhanaprabha said: ‘Craig has been a great servant to Leicester City – during his spells as an Assistant Manager and since taking over as Manager in challenging circumstances in February.
“‘His dedication to the Club and to his work has been absolute and the contribution he made to the most successful period in Leicester City history is considerable.
Leicester City vice-chairman Aiyawatt Srivaddhanaprabha also have this to say
“Craig has been a great servant to Leicester City – during his spells as an assistant manager and since taking over as manager in challenging circumstances in February. His dedication to the club and to his work has been absolute and the contribution he made to the most successful period in Leicester City history is considerable.
“However, our early promise under Craig’s management has not been consistently evident in the months since and the board feels that, regrettably, a change is necessary to keep the club moving forward – consistent with the long-term expectations of our supporters, board and owners.
“Craig is and will remain a very popular, respected figure at Leicester City and will be welcome back at King Power Stadium in future, both professionally and as a friend of the club.
“The club will now begin the process of identifying and appointing its next first-team manager and will make no further comment on the process until the appropriate time.”
Shakespeare won eight of his 16 games in charge last season, and led the club to the Champions League quarter-finals.
Their next game is against Swansea City in the Premier League on Saturday.