In a joint statement, the club and owners praised Slot's impact despite his exit: “The contribution Arne has made to Liverpool FC in the time that he has been with us has been significant, meaningful and – most importantly of all to supporters and ourselves – successful.
"As such, our appreciation for everything he has achieved could not be greater, particularly as it was underpinned by a work ethic, a diligence and a level of expertise, which further underlined our view that he is a leader in his field.
"The compassion and humanity he showed throughout that time said a great deal about him as a person. As such, we can only wish Arne well in the next stage of his coaching career, with our expectation being that he will continue to be successful. We do so in the knowledge that his Liverpool legacy is intact and will become yet more meaningful in the years and decades to come.
"Nevertheless, the conclusion we have come to is built on a belief that the team's trajectory is best addressed through a change of direction. That does not diminish the work Arne has done here, or the respect we have for him. Nor is it a reflection of his talents. Rather, it is indicative of the need for a different approach.
"Arne leaves with our gratitude, with a Premier League title to his name, and with the knowledge that he and his family will always be welcomed back at Anfield.”