Chelsea have sacked manager Avram Grant after only eight months in charge at Stamford Bridge.
Grant has been under severe pressure in West London since replacing Jose Mourinho last September.
And the Israeli, who steered Chelsea to a second-placed Premier League finish, has now been handed his marching orders after the Blues ended the 2007/08 campaign without a trophy.
Grant's last game in charge of Chelsea was the UEFA Champions League final penalty shoot-out defeat to Manchester United on Wednesday.
A statement on the club's official website read: "Chelsea football club can confirm that Avram Grant has had his contract terminated today (Saturday 24th May). This follows meetings over the last two days.
"Everybody at Chelsea FC would like to thank Avram for his contribution since taking over as manager last September.
"We will now be concentrating all our efforts on identifying a new manager for Chelsea and there will be no further comment until that appointment is made."
The likes of Internazionale manager Roberto Mancini and Frank Rijkaard will now be strongly tipped to take over at Chelsea.