Leonardo Jarim has been sacked by Monaco, paving the way for Thierry Henry to take over the French club.
The Arsenal legend knocked back Aston Villa in their recent recruit for a new boss and looks set to become a No.1 for the first time.
An assistant to Roberto Martinez with Belgium, it remains unclear whether Henry would leave the Red Devils.
Jardim has thanked Monaco for the opportunity to manage the club: "I am grateful and proud to have been able to coach AS Monaco for more than four years.
"I have always given the best of myself and worked with passion. We have won great victories together and I will always keep those memories in me."
Monaco thanked Jardim for his time at the club, where he delivered a Ligue 1 title to stun Paris Saint-Germain.
"I want to greet with deepest respect Leonardo for all the work done," Vadim Vasilyev, Vice President, General Manager of AS Monaco, said.
"Leonardo has established himself on the bench of AS Monaco as a reference in Europe and leaves behind a very positive balance sheet.
"His passage will remain as one of the most beautiful pages in the history of the club. Leonardo will still be part of the AS Monaco family. "
Jardim could find himself back in work quickly, given he would be an attractive candidate should Manchester United , Bayern Munich or Real Madrid change managers in the near future, as has been rumoured.
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