AC Milan announced on Thursday that they were terminating the contract of their Portuguese coach Sergio Conceicao, who joined the club last December and led them to an eighth-placed finish in Serie A.

"AC Milan and Sergio Conceicao will not continue their journey together next season," the club said in a short statement on their web site. "The Club would like to thank Sergio and his staff for their commitment, professionalism and dedication shown during their time leading the First Team over the past few months."