Coach Laurent Blanc leaves Paris Saint-Germain

French media reported that Blanc had a signed a 22 million euro settlement contract with the Ligue 1 champions

Former Sevilla coach Unai Emery is now likely to join the French champions.

"Both parties have discussed and signed on June 27 a settlement contract that preserved their interests," PSG said in a statement on Monday.

Blanc's future at PSG appeared to be in jeopardy this month when club president Nasser al Khelaifi described the 2015-16 season as a failure because of the club's elimination from the Champions League by Manchester City, despite winning a domestic treble.

Former France defender Blanc coached the national team from 2010-12 and took over from Carlo Ancelotti at PSG in 2013, and had signed a two-year contract extension in February.