Swansea City have announced a settlement with former manager Michael Laudrup.
In a short statement, Swansea City said: " The club would like to thank Michael for his work over the 18-month period where he guided the club to ninth place in the Barclays Premier League and the Capital One Cup trophy. "
"Everyone at Swansea City Football Club would like to wish Michael all the best for the future. Both parties will not be issuing any further comments on this matter. "
A second half goal from Wilfried Bony secured the Swans a final victory for the season at Sunderland. Final score Sunderland 1-3 Swansea.
Goals from Nathan Dyer and Marvin Emnes give Swansea the lead at half-time at the Stadium of Light.
You can get live updates on the match at ITV Sport.
Garry Monk will take charge of Swansea for the first time this weekend as their new permanent manager, claiming: "It doesn't faze me at all."
Former Swans captain Monk's three-year deal sees him succeed revered bosses like Roberto Martinez, Brendan Rodgers and Michael Laudrup at the Liberty Stadium.
He performed a head-coaching role for three months after Laudrup departed the club earlier this season before Swansea decided he was the man to take them forward on a long-term basis.
"I feel very honoured," Monk told reporters.
"It is something I have always dreamed about doing. I didn't expect it to come this soon, and it is an opportunity I intend to take.
"I've lived in this city for 10 years. I have always tried my hardest for the club, so it never felt like a trial.
"You are there to be judged. I expect that. It doesn't faze me at all. I have a plan in my own head of what I want to do and how to go about it.
"I want to take the club forward. I have been part of the 10-year journey with this club, and now it is about improving on that, which is what I will be looking to do."
Swansea are set to be without injured pair Michu and Angel Rangel for their Premier League finale at Sunderland today.
But defender Chico Flores, who has been absent through suspension and then injury in recent games, could return.
Swansea City chairman Huw Jenkins says the club is 'delighted' to appoint Garry Monk as first-team manager on a three-year-contract.
Monk took over as head coach following the dismissal of manager Michael Laudrup on February 4.
Garry represents all the strong values we hold so dearly as a football club and everyone is looking forward to working with him.
We have all been impressed with his work-rate and commitment since taking over the reins in February and how he adapted in very difficult circumstances to secure the points we needed to remain in the top-flight.
Garry will work with the current staff to refocus and improve the playing squad over the summer in order to build a strong, competitive team for another big challenge that lies ahead next season.
Jenkins said the Board of Directors had 'carefully considered' its next step, but decided the timing was right for Monk to be offered the job permanently.
Monk will be assisted by current coach Josep (Pep) Clotet.
Chairman Huw Jenkins on Monk: "Garry represents all the strong values we hold so dearly as a football club…” (1/2) http://t.co/MDZsErvHO5
Chairman Huw Jenkins on Monk: “We have all been impressed with his work-rate and commitment since taking over the reins in February.” (2/2)
After some solid defending from the Swans across the 90 minutes, it was a big disappointment for both the fans and Head Coach Garry Monk , when a last minute goal from the Saint's Rickie Lambert defeated goalkeeper, Michel Vorm
Rickie Lambert scores, putting the visitors ahead minutes before the final whistle.
BREAKING TEAM NEWS: Vorm, Tiendalli, Amat, Williams, Davies, Britton, Shelvey, De Guzman, Hernandez, Routledge, Bony #SWASOU
Swansea City manager Garry Monk has accepted that his side have suffered a "scare" in the Premier League this season.
The Swans go into their final home game of the campaign against Southampton today, knowing they are safe from relegation worries.
But they only left the danger zone behind them after posting successive victories against Newcastle and Aston Villa last month.
"It is a season we have learnt loads from," said Monk.
"You need to go through tough times to improve as players and as a club, to have that scare that we have had over recent months.
"It is important that we learn from it. A lot of the players had never experienced relegation troubles and the pressure that comes with it. It is a totally different pressure to playing where we have been in recent years.
"That will stand them and the club in really good stead. I think the club has had a scare this season, there is no two ways about it. It is something we've not had for 10 years.
"We realise there are still two games to go, that there is a job to do, and we want to break that 40-point barrier.
"For the standards that we've set, we want better. The way we have progressed over the last 10 years, the expectation level is much higher than what we are right now.
"If we can break that 40-point barrier now - the so-called special total - that's the aim."