Former Rayo Vallecano and Granada Coach Paco Jemez has departed Mexican club Cruz Azul amid links with a return to La Liga.
Jemez’s side were eliminated from the quarter-final stage at the conclusion of the Mexican domestic season and a club statement confirmed the parties have mutually agreed to go their separate ways.
The 47-year-old joined the Mexican giants in November 2016, two months after being sacked following six games in charge of Granada and is now being linked to both Las Palmas and the vacant managerial position at Alaves.
Pako Ayestaran is still in charge of Los Amarillos but has lost six of his seven league games in charge - including a 13-game losing streak across his spell with the Gran Canarian side and Valencia.
Alaves, at the foot of La Liga, are searching for their third permanent manager of the season after Gianni De Biasi was dismissed after just two months in the job.
Jemez coached Las Palmas between 2010 and 2011, with former Glasgow Rangers Coach Pedro Caixinha set to replace him at Cruz Azul.