Fulham manager Scott Parker has left his position at Craven Cottage.

What's the latest?

That's according to a report by Sky Sports, who confirmed late on Monday evening that the 40-year-old had left his role as manager of the Cottagers by mutual consent, with Parker being installed as the new AFC Bournemouth boss shortly after his departure from west London.

The former England international's exit brings an end to what had looked to be turning into something of a messy break-up between the two parties, with The Sun reporting that Shahid Khan was reluctant to pay Parker the £2m compensation fee the coach was owed for the remainder of his two-year contract at Craven Cottage.

However, with his departure now confirmed, it would appear as if Khan and the 40-year-old eventually reached an amicable agreement regarding this settlement, with Fulham now being able to fully turn their attention towards appointing Parker's successor at the club.

Khan will be buzzing

With reports of something of a fallout between the Fulham hierarchy and Parker, as well as the issue of his compensation fee, the fact that the 40-year-old is no longer tied to the club is sure to have left Khan buzzing.

Indeed, with the coach departing well before pre-season at the club is scheduled to begin, as well as plenty of time remaining in the summer transfer window, the Fulham owner now finds himself with the luxury of being able to consider each candidate for the role carefully and methodically rather than being rushed into making a decision due to time constraints.

Having said that, it would be advisable for Khan to not let the search drag on too long, and, considering it is reported that he has already drawn up a list of potential targets for the position, it would seem as if the sports tycoon has his eye firmly on the ball.

In any case, with Parker's exit now confirmed, both Khan and Fulham supporters can look forward to a new chapter in their club's history, one that hopefully brings with it a great amount of success.

In other news: Khan must ruthlessly axe "unbelievable" £21k-p/w flop, he's let Fulham down for years