A membership statement said he "had failed to achieve any of the club's stated targets this current year, with the exception associated with qualification for next season's Winners League".
Chairman Khaldoon Ing Mubarak said: "Roberto's file speaks for itself, your dog secured the love together with respect of fans.
Assistant manager Brian Kidd requires interim responsibility for the rest of the two games of the growing season and the summer tour to the country.
Manchester City added of the fact that decision "is the upshot of a planned end from season review process that's been brought forward in lighting of recent speculation".
That 48-year-old Italian substituted Mark Hughes in Dec 2009, winning that FA Cup in 2011 together with City's first top-flight category title for 46 years in 2012.
Nevertheless this term, City undoubtedly are a distant second to champions Manchester United, went out with the Champions League group stages and lost the FA Cup final to help you Wigan.
However, on On the night the 59-year-old, who spent one season the leader at Real Madrid inside 2009-10, insisted he hasn't been about to become the revolutionary City boss.
"I deny here now being the new coach of Manchester City, My partner and i haven't signed any settlement with anybody, " your dog said after Malaga's goalless Primera Division draw with Sevilla.
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