London: Chelsea have parted company with Carlo Ancelotti with immediate effect according to a statement on the club's official website.
The statement read: "Chelsea Football Club can confirm that Carlo Ancelotti parted company with the club on Sunday, 22 May.
"The owner and board would like to thank Carlo for his contribution and achievements since taking over as manager in July 2009, which included winning the Double for the first time in the club's history.
"However, this season's performances have fallen short of expectations and the club feels the time is right to make this change ahead of next season's preparations.
"Carlo will always be welcome at Stamford Bridge, where he will be given the reception and respect his position in our history deserves.
"Chelsea's long-term football objectives and ambitions remain unchanged and we will now be concentrating all our efforts on identifying a new manager.
"There will be no further comment until that appointment is made."
Chelsea finished second in the Premier League this season and after a final day defeat to Everton Ancelotti reflected that he was unsure of whether he would be in the job next season.
He said: "Maybe we will talk next week. Now the club has finished the season they can judge my job and they will take a decision in one week. I have to wait and see what happens.
“I don’t have to tell the club anything; they can judge my job for two years and looking at that they can comfortably take a decision."
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