Popular Italian had been in the north west since 2009.
Newly-promoted Ligue 1 giants AS Monaco are keen to hire Roberto Mancini as their new head coach after the Italian was sacked as manager of Manchester City on Monday night, says the Daily Express.
The mega-rich French outfit won promotion back to the top flight on Saturday under former Chelsea boss Claudio Ranieri, however, it is understood that the club’s billionaire Russian owner Dmitry Rybolovlev wants to replace the Italian this summer.
Rybolovlev tried to lure Mancini to the South of France this time last year, only for the then City trainer to reject his advances as he instead oversaw the club’s first-ever Premier League title triumph after a dramatic final-day win over Queens Park Rangers.
However, now that the ex-Fiorentina, Lazio and Inter Milan head coach is available on the market, he could conceivably walk straight into a new job in the Principality.
Mancini, who also won the 2011 FA Cup while at Eastlands, spent four years at City, during which time he won 113 of his 191 matches in charge, giving him an impressive overall win percentage of 59.