Guus Hiddink has resigned as manager of Russian side Anzhi Makhachkala.
The 66-year-old will be replaced by former Manchester United first-team coach Rene Meulensteen.
"I've always said that my mission with Anzhi would end when the club was able to develop and grow by itself without my participation," said Hiddink. "Now that time has come."
Former Chelsea boss Hiddink's decision to step down has prompted speculation he will take over at Barcelona.
The Spanish club are looking for a new coach after Tito Vilanova stood down as Barca coach on health grounds last week.
Hiddink, who guided Chelsea to FA Cup success in 2009,
joined big-spending Anzhi in February 2012,
two years after his stint in Russia as national coach ended.
The club finished third in the Russian Premier League
last season, 11 points behind champions CSKA Moscow, and missed out on
Champions League football this season.
Dutchman Hiddink leaves after just two games of the current campaign, with the club 13th of 16 teams on just one point.
A club statement said: "FC Anzhi has accepted the request of the head coach to terminate their employment relationship.
"The club sincerely thanks Guus Hiddink for his significant contribution to the club and wishes him success in his future career."
Meulensteen quit United and joined Anzi last month, working alongside Hiddink after turning down an offer by new manager David Moyes to coach United's under-21 development squad.
Meulensteen had previously worked with the first team under former manager Sir Alex Ferguson, winning the Premier League four times, the League Cup twice and the Champions League onc
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