Inter Milan coach Antonio Conte has left the club days after winning the Italian Serie A title.
According to Sky Sports, Conte and Inter parted ways on Wednesday via mutual termination of his contract.
A report by Sky Sport Italia revealed Inter agreed to pay Antonio Conte around €7 million (Sh918 million) to terminate the contract which was set to expire at the end of June 2022.
The champions of Italy in the 2020/21 season confirmed Conte’s departure on Wednesday evening (EAT) in an official statement on their website.
“FC Internazionale Milano can confirm that an agreement has been reached with Antonio Conte for the termination of his contract by mutual consent.
“The Club would like to thank Antonio for the extraordinary work that he has done, culminating in Inter’s 19th top-flight title.
“Antonio Conte will forever remain a part of our Club’s history,” Inter said in a statement seen by The Standard Sports.
Conte, who joined Inter in May 2019, agreed to depart Sky Sport Italia reported he had been left unhappy with plans to reduce investment and cut costs due to the financial impact of the COVID-19 pandemic.
The 51-year-old’s ambitions to improve his squad were at odds with the club’s financial situation, with Inter reportedly looking to slash the wage bill by 15-20% and make 70-100 million euros from player sales before next season (2021/22).
Former Juventus manager Massimiliano Allegri and current Lazio coach Simone Inzaghi have been named in Italian media as potential successors.