Pioli will leave after five years as coach at the end of the season.
Milan stated this morning: "AC Milan and Stefano Pioli announce that they will not continue together next season, intending to interrupt the professional relationship that has linked them since October 2019.
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"Milan affectionately thanks Stefano Pioli, and all his staff, for having led the First Team in these five years, obtaining a Scudetto that will remain unforgettable and for having brought Milan back permanently to the most important European competitions.
"Stefano, with his professionalism and humanity, was able to enhance the squad and embodied the fundamental values of the Club from day one."