Watford have announced that manager Quique Sanchez Flores will leave the club at the end of the campaign following a mutual agreement.
The Spaniard will depart Vicarage Road after the fixture against Sunderland on Sunday, having led his side to safety in their first season back in the top flight since 2006/07.
"I had a meeting with the club to make a resumé of the season and after that I confirmed that the club and me don't have the same point of view about the season," Flores told Sky Sports.
"So we don't have the necessary conditions to activate the clause to renew the contract – my contract finishes at the end of June – and then I will leave Watford as a consequence."
The Hornets, who have reportedly started the search for a 'more high profile' head coach, thanked Flores for preserving their league status.
"Watford Football Club can confirm that Quique Sánchez Flores will leave Vicarage Road at the end of the season following the Sunderland game this weekend," the club confirmed in a statement.
"We would like to thank Quique. He and the team achieved the target set them at the start of the season of staying in the Premier League for a second year.
"Quique leaves with all our best wishes for the future and the knowledge he is always welcome at Vicarage Road."