Former England manager Sven-Goran Eriksson has left Leicester City.
The 63-year-old Swede joined Leicester City as the manager in October 2010. With Eriksson the team has struggled for consistency early in the season, they are just eight points off the top of the table.
"Leicester City Football Club has confirmed today that, by mutual agreement, Sven-Goran Eriksson has ceased to be the first team manager, with immediate effect," the club said in a statement on their website (www.lcfc.com).
Leicester City is in 13th place in the second division standings following a 3-0 home defeat by Millwall.
"The club and its board of directors would like to thank Sven and Derek for the contribution they have made to Leicester City during their 13 months at King Power Stadium," the club said.
Former Leicester, Celtic and Aston Villa manager Martin O'Neill is among the names being linked with the vacant manager's job.
Academy director Jon Rudkin and coach Mike Stowell will jointly assume the role of acting manager.