Arsene Wenger is set to leave Arsenal at the end of the season, ending a near 22-year reign as manager.
The Frenchman still has a year before his latest contract was due to expire.
"I am grateful for having had the privilege to serve the club for so many memorable years," said Wenger. "I managed the club with full commitment and integrity. To all the Arsenal lovers, take care of the values of the club."
The club has stated that a successor will be appointed "as soon as possible".
Wenger, 68, won 3 Premier League titles and seven FA Cups, including the Double in 1998 and 2002.
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