Conte still had a year left on a revised deal he signed last summer after delivering the fifth Premier League title since Roman Abramovich bought Chelsea in 2003.
The 46-year-old managed Empoli in the 2016/17 season but could not do enough to prevent the Italian minnows from succumbing to relegation from Serie A.
"We wish Antonio every success in his future career", the statement read. "In the title winning season, the club set a then-record 30 wins in a 38-game season". "Great man, Great manager". He had been waiting since winning the FA Cup in May to resolve his future at Stamford Bridge, but difficulty in securing Sarri delayed the process.
Chelsea FC will be looking to at least break back into the top four next season after their disappointing campaign last term.
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