Mihajlovic left his role as Sampdoria coach and replaced Filippo Inzaghi last June and leaves with the Rossoneri sitting in sixth place in Serie A.
His last game in charge was the 2-1 loss to league leaders Juventus on Sunday, extending Milan’s winless run to five matches and leaving them 15 points adrift of Champions League places.
A statement on the club’s official website read: “Sinisa Mihajlovic has been relieved of his role as AC Milan coach.
“The club would like to thank Mihajlovic for the dedication and hard work carried out this season.”
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