Tottenham Hotspur part ways with Mauricio Pochettino: Details here

The club released a statement, saying that assistant coaches Jesus Perez, Miguel D'Agostino and Antoni Jimenez, too, would leave.

"It falls to the board to make the difficult decisions - this one made more so given the many memorable moments we have had with Mauricio and his coaching staff - but we do so in the club's best interests," said Tottenham chairman Daniel Levy.

The club further said that Pochettino and co. would always remain a part of their memorable history and thanked them for their support during the club's difficult years in the recent past.

"I should like to thank him and his coaching staff for all they have contributed. They will always be welcome here," the statement further read, as they look to re-energize their squad.

Under Pochettino, Tottenham enjoyed a tremendous amount of success.

Since May 2014, the side has played 293 competitive matches under him, while they have registered 159 wins and 72 losses, with a win percentage of 54.3.

However, he failed to win any silverware.

This has been his best managerial performance, compared to his win percentage at other clubs, like Espanyol (32.9) and Southampton (38.3).

As for his replacement, multiple reports say that former Premier League manager Jose Mourinho is a strong favorite.

According to a report by Metro, Mourinho has accepted his role as Pochettino's replacement in a late-night talk with the club, prior to to the latter being sacked.

Also, Mourinho's representatives had met with the club on a late Tuesday night, reports Sky Sports News.