Roy Hodgson has stepped down as manager the England national team.

The 68-year-old has has ended his four-year tenure with the Three Lions following their exit from Euro2016 at the hands of minnows Iceland in the Round of 16.

Hodgson took the reins in 2012 but has announced he will now leave his post with the Football Association at the expiration of his contract.

"Now is the time for someone else to oversee the progress of this young, hungry and extremely talented group," said Hodgson in a prepared statement.

"It's been a fantastic journey.

"I'm extremely disappointed we haven't progressed as far in the competition as I thought we were capable of, and that's obviously not acceptable."

Hodgson added: "I'm actually proud of the work my coaching staff and I have achieved over our time at the helm of England.

"The transition from the squad whose average age was 30 to now being the youngest in the tournament is both remarkable and exciting for the future of English football.

"I would have loved to stay on for another two years. However, I am pragmatic and I know we are in the results business. My contract was always up after the Euros, so now is the time for someone else to oversee the progress of this young, hungry and extremely talented group of players."

Hodgson also confirmed that assistants Ray Lewington and Gary Neville will also step away from their roles with the England team.

"Ray and Gary arrived with me as part of my coaching team and will leave with me," he added further.

"I'd like to thank them for their dedicated support and for the major part they've played in our team preparation."