There is speculation that Jose Mourinho could be signed up by Manchester United, following the news of Alex Ferguson's retirement.
If so, it will put an end to rumours that the Real Madrid boss was planning to come back to Chelsea - where he was in charge between 2004 and 2007.
More top news
Sir Bernard Hogan-Howe's decision to retire comes after growing speculation about his future and his relationship with mayor Sadiq Khan.
Sir Bernard Hogan-Howe is to retire after five years as the Commissioner of the Metropolitan Police, according to Scotland Yard.
The curtain will come down on the show for the final time at the Piccadilly Theatre in March next year, before embarking on a UK tour.