Milan announced this morning that Pioli is leaving after five years in charge.
The veteran coach's management said in a statement: "Stefano Pioli thanks Milan for the opportunity to be part of the history of this glorious Club and expresses profound gratitude towards the owners, managers, team, staff and every one of the staff of Milanello and Casa Milan for their support and great professionalism.
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"The coach addresses a special thought to the many fans who have supported Milan in recent years, demonstrating unconditional attachment."