“Chelsea Football Club today announced it had reached an amicable statement over the departure of former coach, Claudio Ranieri.
“A spokesman for the club said: ‘We have fully honoured the terms of Claudio’s contract and we wish him good luck for the future.
“‘Our discussion with Claudio regarding the terms of his departure were at all times amicable. We are pleased we have been able to agree this so promptly.’
Claudio Ranieri said: ‘I am grateful for Chelsea’s help in bringing this settlement to a swift conclusion and allowing me to take the next step in my managerial career.
“‘I would like to thank the players and the fans for their support and wish them good fortune for next season.’
“The terms of the settlement are subject to a confidentiality clause.”