Tim Sherwood sacked as Tottenham boss after club finished sixth in Premier League

London: Tottenham Hotspur manager Tim Sherwood has reportedly parted ways with the club after it finished sixth in the Premier League this season.

Sherwood, who took over from the sacked Andre Villas-Boas in December and signed a deal to the end of the 2014-15 season, took over with the White Hart Lane outfit five points shy of the Champions League qualifying spots and ended the campaign 10 points adrift of fourth-placed Arsenal.

According to the BBC, Spurs chairman Daniel Levy said that they had agreed on an 18-month contract with a break clause at the end of the season and have now exercised that option.

Sherwood, whose final game in charge was the 3-0 victory over Aston Villa on the last day of the Premier League season, said that it is a 'massive wrench' to leave a club of the stature of Tottenham, which is 'very close to his heart'.

Sherwood also previously claimed that he would have earned a top-four spot had he been in charge for the whole season and the report added that Southampton manager Mauricio Pochettino and Ajax boss Frank de Boer have been linked with the post.

Sherwood had a top-flight win percentage of 59 percent, which is the best of any Tottenham boss in Premier League history, and sixth place was enough to get the club into next season's Europa League, the report added.