Ipswich have parted company with manager Joe Royle.
Royle led Ipswich to 15th place in the Championship this season
Royle led the club to 15th place in the Championship this season and left after a meeting with the Portman Road club's chairman David Sheepshanks.
"Joe and I met on Thursday and agreed that this is the right moment to go our separate ways," said Sheepshanks.
"The parting is entirely amicable. I would like to place on record our warm appreciation and thanks for the tremendous job Joe Royle has done."
He added: "He managed the club initially through turbulent times and built a side that reached the play-offs in two out of the last three seasons."
Royle took over at Portman Road in October 2002 but has struggled to mount another promotion assault.
He said: "I would like to thank everyone involved at Ipswich Town - the fantastic staff and the players for their support and for giving their best at all times.
"As the chairman said, we part extremely amicably and I wish the club, its staff and the supporters nothing but the very best for the future."
The club say they will seek applicants for Royle's successor "as soon as possible".