Rafael Benitez's reign as Inter Milan coach ended in ignominy on Thursday when he left the European champions after just six months in charge having dared to question club owner Massimo Moratti's authority.
"Inter and Rafael Benitez announce that, mutually and with satisfaction on each side, they have reached an agreement for the early resolution of his contract," said a statement from the Serie A club after days of talks.
"Inter thank Rafael Benitez for his work with the team which led to Italian Super Cup and World Club Cup success. Rafael Benitez thanks Inter for a great professional experience and the victories obtained together."
The Spaniard, appointed in June after treble-winner Jose Mourinho left for Real Madrid, was already on shaky ground with his team slumping to seventh in Serie A and spluttering through the Champions League group stages.
He had appeared to secure his job with Saturday's World Club Cup triumph, only to explode in the post-match news conference and threaten to discuss his future with his agent if signings did not materialise in the January transfer window.
Benitez directly criticised Moratti, saying he was promised buys in the close-season which did not arrive and pointing out that the club recruited five first-teamers last term under Mourinho and yet did not bring any player in for him.