It was the usual 'Sky Sources' club but it was some time before it was confirmed by the club themselves.
Some managerial sackings are a surprise, some a downright shock, but this one was almost as inevitable as the clocks going back this weekend. He's spent more money than most of the rest of the division put together with promotion the target.
The owners have taken a close look and they are currently in the bottom half of the table on the back of Saturday's 3-0 home defeat against Millwall. That proved to be the final straw and they released a statement saying the former England manager had left the club by mutual consent with former Blackburn Rovers defender Derek Fazackerly going with him.
John Rudkin and Mike Stowell have been given the task of preparing the team for the next game whilst the search goes on for his replacement.
He's the second former England boss to lose his job in the Championship this season with Steve McClaren having been sacked at Nottingham Forest and Leicester become the fifth club in the division to have made a change since the season kicked off with Doncaster, Bristol City and Portsmouth to add to the two in the East Midlands.
Leicester's change means Eddie Howe, appointed on 16th January this year by Burnley, is now in the top 60 longest serving Premier and Football League managers.