Ajax have announcing the exit of manager Frank De Boer, who agreed to an early termination of his contract.
De Boer has been at the helm of the eredivisie club for five and a half seasons, since 2010.
The Dutch manager won the league four years in a row, but has lost out to PSV in the last two years.
The 2015-16 campaign came to a painful conclusion as Ajax lost out on the title despite being top of the table going into the last week of the season, when their shock 1-1 draw at second-bottom De Graafschap gifted PSV the league.
“After winning four league titles in succession, the 2014-15 season was a disappointment,” said De Boer. “We wanted to rectify that in the last season and we did everything, but it did not become what we had all hoped for and expected.
“I started to realise more that it was time for something else. It’s better for me and I think also for Ajax. What I will do, I do not know yet. A year without a club is also an option and I will see what comes my way.
“I cherish above all the beautiful memories, with winning the 30th league title as the absolute highlight. Wherever I am, I will continue to follow closely. Ajax is my club and always will be.”
The former Netherlands international’s agent Guido Albers recently revealed his client would “love to manage Everton or Valencia” – two of the teams he has been linked with joining.
De Boer’s Ajax contract had been due to expire in July 2017.