Celta Vigo coach Radomir Antic quit his post on Monday after his side slumped to second-bottom in the Primera Liga.
Antic has failed to turn around Celta's fortunes
"I hope this serves as a catalyst for the club to escape from a complicated situation," Antic said.
"I would like to thank the chairman and the people at the club for the respect
with which they treated me at a difficult time."
Antic has managed Barcelona and Real Madrid in the past and has been linked with the manager's post at Tottenham.
He took over as Celta coach at the end of January with the team lying just a point above the relegation zone.
But their fortunes have not improved, and Sunday's 2-0 home defeat to Real Zaragoza meant Celta have taken seven points from nine games since Antic took charge.
The Serbian has also seen his side eliminated from the Champions League in the first
knockout round by Arsenal.