In a shocking turn of events, AC Milan has officially parted ways with coach Sérgio Conceição after a lackluster season that saw the storied club finish outside the European qualification spots.

The seven-time European champions, who aimed to reclaim their glory, reportedly have their sights set on reappointing Massimiliano Allegri, a coach with a successful past at the club.

AC Milan's disappointing eighth-place finish in Serie A, a staggering 19 points adrift of champions Napoli, triggered this major decision.

In a statement, the club expressed gratitude to Conceição and his staff for their efforts, highlighting the commitment and professionalism they exhibited during tough times.

Taking over from Paulo Fonseca just last December, Conceição initially sparked hope by clinching the Italian Super Cup in Saudi Arabia. However, the optimism was short-lived as the team suffered setbacks, including a Champions League playoff exit at the hands of Feyenoord and a defeat to Bologna in the Italian Cup final.

As Milan looks to start afresh, their city rivals Inter are set to face Paris Saint-Germain in the Champions League final this Saturday, adding to the pressure on the Rossoneri to quickly return to form.

Allegri previously led Milan to a Serie A title in 2011, and fans are eager to see if he can replicate that success upon his anticipated return.