"Liverpool FC has announced that Brendan Rodgers will leave his post with immediate effect".
Liverpool have confirmed the departure of manager Brendan Rodgers (Liverpool FC via Twitter)
Liverpool owner, Fenway Sports Group issued a statement: "We would like to place on record our sincere thanks to Brendan Rodgers for the significant contribution he has made to the club and express our gratitude for his hard work and commitment.
"All of us have experienced some wonderful moments with Brendan as manager and we are confident he will enjoy a long career in the game."
"Ambition and winning are at the heart of what we want to bring to Liverpool and we believe this change gives us the best opportunity to deliver it."
Liverpool had managed a 1-1 draw against Merseyside rivals in today's earlier game, but this result leave the Reds langiushing in mid-table and six points off top spot.
Liverpool have cut ties with manager Brendan Rodgers? (ESPN)
This is a desparately disappointing end to Rodger's time at Liverpool. For just eighteen months ago the Northern Irishman almost delivered Liverpool's first league title in nearly 25 years in a wave of unbridled optimism at the club.
But times have changed. Rodgers position at the club was weakend before the start of the season following the axing of his trusted lieutenant and assistant manager Colin Pascoe. And for the 15/16 campain Rodgers had been tasked with the difficult job of rebuilding a Red's side currently shorn of Premier League experience and genuine talent, following the departure in recent seasons of club legend Steven Gerrard, wonderkid Raheem Sterling, and world class striker Luis Suarez.
Former Borussia Dortmund trainer Jurgen Klopp is expected to be the leading candidate to takeover the vacant Liverpool managerial post. Although the highly respected German is currently on a sabbatical from the game, he may be tempted by the allure of managing a sleeping giant in English football.
The charismatic Klopp is seen by many experts to be an ideal fit for Liverpool (Mirror/Getty)
Indeed, bookmakers William Hill have instilled Klopp as a heavy favourite to succeed Rodgers offering odds of 2-5, while giving 2-1 for his nearest challenger Carlo Ancelotti.
If the German does move to Liverpool, he would be a popular choice amongst Anfield fans, but faces the unenviable challenge of rebuilding the squad.