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Edin Terzic has resigned as Borussia Dortmund head coach less than two weeks after the Champions League final defeat to Real Madrid.

Terzic, who succeeded Marco Rose in May 2022 having initially won the German Cup in 2021 when in interim charge, asked to be released from a contract that had another two years to run.

“It is incredibly painful for me to say this to all Black & Yellow fans, but today I am parting company with Borussia Dortmund,” Terzic said on the club’s website.

“It was a huge honour to win the DFB Cup with BVB and to lead this fantastic club to the Champions League final.

“After the game at Wembley, I asked for a meeting with the club’s senior management team, because after 10 years at BVB – including five on the coaching staff and two and a half as head coach – I feel that the club’s new era should begin with a new man on the touchline.

“Everyone close to me knows that this has been a very difficult decision for me to take over the last few weeks, but after intensive discussions my fundamental feeling has not changed.

“I wish Borussia Dortmund the very best, and this isn’t goodbye – it’s see you soon. Heja BVB!”

Borussia Dortmund v Real Madrid – UEFA Champions League – Final – Wembley Stadium
Edin Terzic pictured with his Champions League runners-up medal following Borussia Dortmund’s defeat to Real Madrid at Wembley earlier this month (Nick Potts/PA)

Dortmund were Bundesliga runners-up in the 2022-23 season – losing the title on the final day after drawing at home to Mainz – and finished fifth this campaign to qualify for the Champions League again.

Terzic guided Dortmund to their first Champions League final appearance for 11 years earlier this month, but they were beaten 2-0 by Real Madrid at Wembley.

Dortmund chief executive Hans-Joachim Watzke said: “Edin Terzic has done an outstanding job in his time at BVB, and we all owe him a huge debt of gratitude. Edin and I will always remain friends.”

Lars Ricken, Dortmund’s managing director for sport, added: “In every role, he saw it as a privilege to work for this club.

“The many discussions we have had recently have once again made clear Edin’s love and passion for BVB, and he will always be a Borussia fan and part of the BVB family.”