Tottenham manager Harry Redknapp is set to leave the club after nearly four years in charge at White Hart Lane, sources told Sky Sports Wednesday.
Speculation about Redknapp's future has been building steadily since the end of the season, with reports suggesting that relationships have become strained over contract negotiations.
The 65-year-old's current deal expires next summer and he has previously made it clear he would like to be offered a longer agreement.
Redknapp has also stressed in the past he has no problem with Spurs chairman Daniel Levy, and dismissed claims earlier this week he had resigned.
But while he had wanted to remain at Spurs, it is thought they have now decided to part ways following a meeting between Levy and Redknapp Wednesday.
It is understood that a severance package is being discussed and Redknapp will officially leave the club by the end of Thursday.
Tottenham had occupied a position in the top three for much of the campaign, but faded badly after the turn of the year.
The slump in form coincided with stories linking Redknapp to the England job after Fabio Capello's departure, although the Spurs manager did not think it was a factor.
Roy Hodgson was surprisingly named as Capello's successor ahead of Redknapp and the focus is now set to turn to who will come in at White Hart Lane.
Everton boss David Moyes has been installed as the early favorite to take the reins at Tottenham next season.