Manuel Pellegrini has announced in a press conference that he has agreed to depart Manchester City at the end of the season.
His departure was also confirmed in a statement released by the club which also added that he will be replaced by Pep Guardiola.
The club statement released on Monday said: "Manchester City can confirm that in recent weeks it has commenced and finalized contractual negotiations with Pep Guardiola to become MCFC Head Coach for the 16/17 EPL season onwards. The contract is for three years. These negotiations were a re-commencement of discussions that were curtailed in 2012.
"Out of respect for Manuel Pellegrini and the players, the Club wishes to make its decision public to remove the unnecessary burden of speculation. Manuel Pellegrini, who is fully supportive of the decision to make the communication, is entirely focused on achieving his targets for the season ahead and retains the respect and commitment of all involved with the leadership of the Club."
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