Ranieri steps down as Monaco coach
Claudio Ranieri (AAP file)
Italian Claudio Ranieri has stood down as coach of French Ligue 1 club Monaco.
The 62-year-old former Chelsea coach took charge at the Stade Louis II in May 2012, leading them to promotion back to the top flight last season, and had a year left to run on his contract.
Principality side Monaco finished runners-up to Paris Saint-Germain in Ligue 1 this season, qualifying them for the Champions League.
"I can confirm the departure of Claudio Ranieri. We have taken the decision to part ways," club vice-president Vadim Vasilyev said at a news conference on Tuesday.
"I would like to acknowledge the very good job that Ranieri has done."
Ranieri also previously coached Serie A clubs Inter Milan, Napoli, Fiorentina, Juventus, Roma and Parma and Spanish outfits Atletico Madrid and Valencia.