Michael Laudrup was appointed manager of Swansea City in the summer of 2012.
He took over the position from Brendan Rodgers, having previously managed at Brondby, Getafe, Spartak Moscow and Real Mallorca.
Laudrup's departure comes four days before the club take on Cardiff City in a crucial derby at the Liberty Stadium.
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Public Health Wales are warning visitors to be aware of the infectious diseases associated with livestock this bank holiday weekend
A band of rain pushing in overnight, bringing with it the odd spot of coastal and hill fog, but things should improve by tomorrow.
Local authorities said the move is necessary to "avert the growing number of deaths and increasing harm linked to psychoactive substances".