Despite winning the Copa Brasil just two months ago, the Sao Paulo based outfit are mired in relegation danger and seven points from safety.
Scolari has been touted as a possible replacement for Mano Menezes as national team coach before the 2014 World Cup which Brazil host.
“In a meeting which took place this afternoon between the president, director of football and coaching staff, it was decided by mutual agreement to end the contract between Luiz Felipe Scolari and the club,” said Palmeiras.
“Palmeiras thank the coach for his services. He is one of the greatest leaders the club has had in all of its history.”
What is your opinion? Feel free to discuss the article under. You have to comment by using your Facebook profile. Be fair and have respect for other people and opinions!
Liverpool have unveiled their new home kit for next season, sticking with the hugely popular retro styling of the current shirt.
The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.