The 2006 World Cup winning coach is expected to be unveiled as the Chinese champions' new coach on Thursday afternoon after Lee Jang-Soo confirmed his exit
The South Korean is expected to be replaced by former Italy World Cup winning coach Marcello Lippi who has flown to China according to Sky Italy and will be unveiled by Guangzhou on Thursday afternoon.
Lee's dismissal came only hours after guiding the side into the AFC Champions League Round of 16 in top spot in Group H with a 2-1 victory over Buriram United, however he insisted he is fine after being under pressure for the past few months with constant speculation linking Lippi with the role.
"I'm really okay. I've kind of expected this. I have no shame with my work, we're top of the league and reached final 16 of Champions League in our debut season," Lee told Sportal Korea.
"I need to take a rest for a while. A big responsibility came off my shoulders. It's disappointing to leave the team after the win in the Champions League match but in a way, I feel lighthearted."
Meanwhile, Lippi is expected to be unveiled at Thursday's press conference on a two-and-a-half-year deal, with Narciso Pezzotti his head assistant along with a team of other Italian coaches.
Guangzhou are currently top of China's Super League, while they'll host FC Tokyo in the ACL Round of 16 on May 30.