Liverpool had insisted that a change of head coach was not on the agenda, but after assessing the situation following the end of the season last weekend, the club’s hierarchy believe the next phase requires a more front-foot, aggressive and urgent style of football.
The decision to sack Slot was made by Michael Edwards, FSG’s chief executive, and Richard Hughes, Liverpool‘s sporting director.
Iraola, 43, is one of the most highly-rated coaches in Europe and is known for his attacking style of play.
He was appointed at Bournemouth when Hughes was technical director at the Cherries, a role he left in 2024 to join the Reds.
Bournemouth finished only one place and three points behind Liverpool to qualify for next season’s Europa League.
Slot replaced Jurgen Klopp as Liverpool boss in 2024 after the German stepped down at Anfield after nine years as manager.
Earlier this month, forward Mohamed Salah said the club must return to being a “heavy metal attacking team that opponents fear” after “crumbling” to a defeat at Aston Villa.
Much of Liverpool‘s success under Klopp – where they won every major trophy – came through this style of play.
“The conclusion we have come to is built on a belief that the team’s trajectory is best addressed through a change of direction. That does not diminish the work Arne has done here, or the respect we have for him. Nor is it a reflection of his talents. Rather, it is indicative of the need for a different approach,” the statement added.
“Arne leaves with our gratitude, with a Premier League title to his name, and with the knowledge that he and his family will always be welcomed back at Anfield.”