Gattuso, took over at the San Siro in November 2017 and guided his former club to sixth place, but the Italian could only go one position better this season. Under contract until 2021, it was decided in Monday’s meeting with Gazidis, that Gattuso would move on from Milan.

Milan narrowly missed out on Champions League football for the sixth successive season, with Atalanta and city rivals Inter pipping them by a point.

Failure to secure Champions League football is also expected to spell the end for Milan’s sporting director Leonardo, who will likely resign from his post.