The 47-year-old is set to leave Anfield imminently "prior to the start of Liverpool FC's pre-season preparations", per Sky Sports.
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Edwards is ending his second stint at The Reds after re-joining the club in 2024.
A statement read: "Fenway Sports Group (FSG), a global sports, marketing, media, entertainment and real estate company, today announced that Michael Edwards will leave his role as CEO of Football prior to the start of Liverpool FC’s pre-season preparations, bringing to a close his second tenure with the organization during which he oversaw Liverpool’s football operation while also supporting the continued development of FSG’s wider football ambitions."