Almeyda helped guide the club to promotion after their shock relegation to the second tier for the first time last year.
“My cycle at River has finished,” said Almeyda. “I’d like to return one day as coach or director.
“For me it was an honour to coach River, I have no regrets. Today I can leave River without lowering my head.”
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Summer 2016 is set to be a very exciting time for football fans, as this is when the long awaited Euro 2016 tournament kicks off.
Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.