Malky Mackay has dropped all legal claims against Cardiff City following his sacking as manager in December.
The Scot was eventually dismissed on December 27 after plenty of speculation surrounding his position and reports that owner Vincent Tan issued Mackay with an ultimatum to resign or be sacked.
Mackay took Cardiff into the Premier League last season but was replaced by Ole Gunnar Solskjaer early in January, and the club have since been relegated back to the Championship.
Mackay has now reached an agreement with the Welsh club over his departure, with the 42-year-old saying it offered both him and the club a "clean break".
"Today I have reached a settlement agreement dropping all claims I have made against Cardiff City Football Club," he said in a statement.
"I did not want to be in litigation and believe that it is in the best interest of all parties to have a clean break and move on.
"I have enjoyed my time at Cardiff City and am most grateful to the board of Cardiff City and Tan Sri Vincent Tan for giving me the opportunity. The club's owner Mr Vincent Tan invested heavily in the club and supported our decisions in our push for promotion to the Premier League. Without him this would not have been possible.
"My thanks to all those at the club and the fans who have supported me during my time in Wales. If I have caused any offence to any one during this time, especially to Tan Sri Vincent Tan, then I apologise without reservation.
"I wish everyone associated with Cardiff City FC all the best for the future and thank them for their support."
Following Mackay's departure, assistant David Kerslake was briefly in charge before Solskjaer presided over the club's relegation.
Cardiff said the resolution of the matter would help the club move forward ahead of their return to the Championship.
"The agreement represents a positive outcome for the club," they said via their official website.
"We now look forward and focus fully on planning for next season and the challenge of regaining Premier League status."
|Iniesta can´t see Real selling Ramos|
|Keshi sacked as Nigeria coach|
|Three finals, three defeats for Messi, Mascherano|
|Nani close to Fenerbahce move|
|Sampaoli revels in ´unbelievable joy´|
|Bravo: Copa victory a dream|
|Martino: Argentina should have won|
|Chile 0 Argentina 0 (4-1 on penalties): Hosts end trophy drought|
|Germany 0 England 1 (after extra time): England make World Cup history|
|Kenya 0 Ethiopia 0 (agg 0-2): Hosts sent out of CHAN qualifiers after second penalty miss|
|Dortmund put 17 past Olympians, Bremen hand out thrashing|
|Dinamo Zagreb confirm arrests of coach and club president|
|I didn´t know who Wimbledon guest Klopp was - Brown|
|LeBron James backs Liverpool captain Henderson for FIFA 16 cover.|
|Ramos: I am not negotiating with anyone|
|Valencia complete Mina swoop|
|United States v Japan: US seek final redemption|
|Hanousek consigns Celtic to defeat|
|Roma confirm Dzeko interest|
|Arsenal forward Podolski completes Galatasaray switch|
|Warm Dortmund welcome delights Tuchel|
|Silva vows to fight for Madrid place|
|Mancini hints at Shaqiri and Santon departures|
|Bojan raring to go after return from injury|
|Babel backs Firmino to shine at Liverpool|
|Falcao must wait to impress, warns Chelsea favourite|
|Bartomeu: Deal in place for Turan|
|Parejo re-signs with Valencia|
|MLS Review: Sounders return to winning ways|
|Klinsmann unhappy with USA performance|
|High hopes for Paraguay - Diaz|
|Gareca: More to come from Peru|
|Gerrard had European offers|
|Argentina out to spoil Chile´s party - Martino|
|Sampaoli: Chile won´t change style|
|Di Maria will come good at United - Rojo|
|Peru 2 Paraguay 0: Gareca´s men finish third at Copa|
|United States 4 Guatemala 0: Klinsmann´s men win comfortably|
|´I’d prefer no-one to know my name´ - Bassett|
|Matthews completes Sunderland move|
|Podolski set for Galatasaray medical|
|Gundogan inspires Dortmund victory|
|Inter confirm Montoya capture|
|Murillo joins Inter, as Kuzmanovic and Obi depart|
|Falcao signing not a risk, says former Chelsea star|
|Deeney agrees new Watford deal|
|Confidence and service the key to Falcao success at Chelsea|
|No bids for ´Chelsea target´ Baba, claim Augsburg|
|Derby swoop for Ince|
|Fiorentina consider legal action over Salah ´no-show´|
|Chelsea the team to beat in the Premier League, says Neville|
|Storari exits Juve for Cagliari|
|UEFA removes FFP restrictions on Man City and PSG|
|West Brom hope for new owners within the month|
|Chelsea agree loan deal for Falcao|
|Kuyt eyes trophies on Feyenoord return|
|Chile v Argentina: History beckons ahead of Copa America final|
|Wallace extends Monaco loan|
|Mihajlovic wants to instill fear factor at Milan|
|Mignolet improving at Liverpool - Grobbelaar|
|Mumbai City name Anelka player-manager|
|Olivia the parrot predicts Japan to win Women´s World Cup|
|Lusitans coach blasts Bilic´s ´lack of respect´|
|Sakho eyes more Europa League wins|
|Gareca wants Peru to keep building|
|Chile ´no chance´ if Argentina produce their best - Diaz|
|Ocampos joins Marseille permanently|
|Europa League Review: Cloud-nine Brondby ignite opening round|