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Published 11:55 27 Feb 2022 GMT
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With Bielsa leaving his role, reports have already linked Jesse Marsch, who recently lost his job as manager of RB Leipzig, with the position at Elland Road.
Leeds' hierarchy had reportedly identified the American as a possible replacement for Bielsa at the end of the season. The club's slump in form may have accelerated the process.
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"However, this season has proved to be difficult and the team has recorded just five Premier League wins."
"We find ourselves in a precarious league position and I feel now is the right time to bring in a new head coach, in order to have an impact in the decisive stage of the season."
"Naturally, myself, along with everyone else at the club would like to thank Marcelo for his efforts and achievements and we wish him the very best for the future."
The statement concluded. "Plans for a permanent tribute to Marcelo at Elland Road are underway and more information will be released in due course."
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