Madrid: La Liga side Valencia announced the sacking of coach Miroslav Djukic on Monday just six months after the Serbian had taken charge.
A 3-0 defeat to Atletico Madrid on Sunday was Valencia`s eighth in just 16 league games so far this season, leaving them 10 points off Athletic Bilbao in the fourth Champions League spot.
However, the 47-year-old did guide Los Che into the last 32 of the Europa League where they will face Ukranian side Dynamo Kiev.
"As a professional I don`t understand the decision, but I respect it and wish all the best to the president and to all Valencia fans," said Djukic.
Nico Estevez will take temporary charge of the team for Thursday`s Copa del Rey fourth round, second-leg against Gimnastic with the tie delicately balanced following a 0-0 draw in the first-leg.
Djukic had been a popular choice amongst supporters when he was appointed in June.
The former central defender enjoyed six-year spell at the Mestalla as a player during which Valencia won La Liga in the 2001-02 season and reached two consecutive Champions League finals in 2000 and 2001.