The 43-year-old trainer, who joined L'OM in 2009, has been the target of constant speculation over the past few months regarding his future, and today has decided to officially leave his post.
A statement on the club's official website read: “Olympique de Marseille and Didier Deschamps have finally decided by mutual agreement not to continue working for the 2012-2013 season.
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“Marseille would like to thank Didier Deschamps for his work with the team over the past three years, and wish him good luck for the future.”
Deschamps himself has also commented on the departure, saying: “I would like to thank Marseille for their support throughout these last three seasons.”
The World Cup-winning midfielder has been linked with the France national team job in recent weeks following the resignation of Laurent Blanc after their Euro 2012 quarter-final exit.