Cape Town - Orlando Pirates have announced the departure of head coach Kjell Jonevret with Milutin 'Micho' Sredojevic set to take over as the club's new mentor.
Reports of Jonevret's rumoured exit surfaced just over a month ago after the Buccaneers plummeted to a 4-1 Nedbank Cup final defeat against SuperSport United.
In his 18-matches in charge, the Swedish-born coach guided the club to six victories, seven draws and five defeats.
Sredojevic has been touted to return to the Buccaneers after his contract with Uganda national team has ended.
The Serbian tactician served as Pirates head coach for seven months from July 2006 to January 2007.
Micho, as he fondly known in the football sphere, took to Twitter to bury rumours that he has signed a contract with an unknown club.
"Those spreading rumours about me already signing are wrong I still didn't sign anything but ready to fly tonight to new destination to sign," he tweeted in his personal capacity.
"Never rejected double salary offer but would be biggest moron on this planet if I accepted promise of double yet even single was never paid."
The MTN8 Cup commences next week, with the Buccaneers not partaking due to their eleventh place finish in the Premiership.
Meanwhile, the release of the PSL fixtures have been put on hold due to the CAF fixture changes.
Pirates have a few days to search for a mentor before the season is back in full swing.