The Athletic Club coach will come off contract in June.
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And it's been decided between Valverde and management to part ways.
This decision was reached in agreement with the board and is being made public just before the final stretch of the season, with the team focused on the last 10 crucial league matches in their quest for the Conference title.
In recent appearances, he had been questioned about the matter, but he always avoided discussing anything related to his future.
"It's a decision I've been considering for some time, and I've discussed it with the club," said Valverde this morning.
"There are ten games left in which we have a lot to gain."