Ian Holloway has departed QPR after spending nearly two years with the London club.
Holloway joined the club for a second spell in charge of the R’s in November 2016, replacing Jimmy Floyd Hasselbaink.
In his time in charge of Rangers, Holloway oversaw 80 games in charge, where he won 26 games, drew 14, and tasted defeat on 40 occasions.
The former Blackpool and Millwall boss guided QPR to a 16th placed finish in the Championship this season, but after talks with owner Tony Fernandes, it has been decided he won’t return to Loftus Road next campaign.
CEO of Rangers, Lee Hoos, said “We are hugely grateful to Ian for his incredible efforts during his time with us.
“He joined us at a critical stage as we looked to reduce the wage bill, bring in younger talent and remain competitive on the pitch at the same time.
“That is no easy task and it was down to his desire, love for the club and hard work that we achieved those goals.
“We are now looking to take the next step as we continue to work through what is a vital period of transition for the football club.” He added.
QPR will now be on the hunt for a new manager, with former Newcastle and Derby manager Steve Mcclaren the early favourite.
The former Newcastle and Derby boss guided the Rams to a playoff final against QPR in 2014, and he would hope to emulate the same success in London.
It will be an interesting summer for Hoops fans and the new manager will look to bring Premier League football back to Loftus Road.