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Arsene Wenger is to leave Arsenal at the end of the season, ending a near 22-year reign as manager.
The Frenchman departs a year before his latest contract was due to expire, reports BBC.
The Gunners are sixth in the league and set to miss out on a top-four spot for the second straight season, with their hopes of reaching the Champions League resting on winning the Europa League.
Wenger, 68, won three Premier League titles and seven FA Cups, including the Double in 1998 and 2002.
"I am grateful for having had the privilege to serve the club for so many memorable years," said Wenger. "I managed the club with full commitment and integrity.
"To all the Arsenal lovers, take care of the values of the club."
Arsenal say a successor will be appointed "as soon as possible".