Pearson lasted just four months in the job
Derby County assistant boss Chris Powell looks set to take charge at the club, following the departure of Nigel Pearson yesterday.
According to reports, Powell, who has been in charge since Pearson was suspended on September 27th, could be installed as soon as next week.
The Rams have only won once in their last eight games and sit 20th in the table with 10 points from 11 games.
Pearson left the club yesterday as a result of his suspension from the club last month following "disciplinary problems".
In an official statement released today, the club said "Derby County Football Club can today confirm that they have mutually agreed to part company with Nigel Pearson with immediate effect.
"As a result of the mutual termination of Nigel Pearson's employment agreement with Derby County any disciplinary process has now ceased".
Pearson has since released a statement of his own in which he took aim at the media coverage of his final few weeks in the job.
"I was suspended by the club last week. The speculation in some areas of the media has not made the separation a smooth one, and my suspension period has been difficult for both myself and family.
"I can confirm that I have not been made the subject of any disciplinary action. I leave in the knowledge that I have, together with my closest staff, strived to achieve progress."