Giovanni Trapattoni has left his post as manager of the Republic of Ireland national team after the club's 1-0 loss to Austria in World Cup qualifying on Tuesday.
Ireland currently sit fourth in their qualifying group with 11 points, six behind second-place Sweden with two matches remaining. They can still qualify, but would need a substantial turnaround in their final two matches to have a chance of reaching Brazil next summer.
"The Football Association of Ireland, Giovanni Trapattoni and Marco Tardelli today (Wednesday) announced that following an amicable meeting this morning, they have parted company by mutual consent," a statement read.
If Ireland fail to reach the World Cup finals, it would mark the third consecutive time they have missed football's biggest event. They have not reached the finals since 2002, when the side made it to the round of 16.
"I want to thank everyone in Ireland who has given us their support during our time here which has always meant a lot to us," Trapattoni said. "We leave this country with emotion because we understand the Irish supporters who have a well-deserved international reputation and they have our utmost respect."