Spanish club Valencia sacked coach Gennaro Gattuso on Monday following the team’s poor results.
Valencia said in a statement it reached a mutual agreement with Gattuso to end their contract.
The announcement came after a 1-0 loss at Valladolid in the Spanish league on Sunday. The club has won only one of its last 10 league games, before the World Cup.
The latest defeat dropped Valencia to 14th place, one point above the relegation zone.
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Its only two wins this year came in the Copa del Rey, though it was eliminated in the quarterfinals by Athletic Bilbao at home last week. In the Spanish Super Cup, Valencia lost to Real Madrid in a penalty shootout in the semifinals.
The 45-year-old Gattuso arrived last June on a two-year contract.
The former defensive midfielder helped Italy win the 2006 World Cup and AC Milan win two Champions League titles, both as a player. He coached Milan and Napoli in Italy.
Valencia did not announce a replacement for Gattuso.