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."
|2016-17 UEFA Study: PSG, Man City drive record-breaking spending|
|Conte packing in homework as Chelsea games stack up|
|2016-17 UEFA Study: Manchester United record highest revenue but largest debt|
|2016-17 UEFA Study: The headlines in transfers, wages and revenues|
|Iheanacho scores English football´s first VAR goal|
|Materazzi not surprised by Coutinho transfer fee|
|Ronaldinho retires - Brazil and Barca great plans 2018 farewell|
|Koziello swaps Nice for Cologne|
|Simeone ready to unleash Costa and Vitolo alongside Griezmann|
|Lambert ´never thought´ he would return to Premier League|
|Wenger ´very aggressive´ towards referee Dean, says FA report|
|Reported Arsenal target Malcom starts for Bordeaux vs Caen|
|Valverde not making big deal of Dembele´s latest Barca blow|
|Arsenal will have a ´hard time´ signing Malcom|
|Ronaldo and Madrid nominated for Laureus awards|
|Nantes´ Diego Carlos brands Chapron clash ´historic´|
|This is not important - Conte unconcerned if substitutions upset Hazard|
|Conte ´doesn´t think´ Chelsea have pursued Sanchez|
|Emery hints at Neymar return against Dijon|
|Mkhitaryan key to United-Sanchez deal, claims Raiola|
|Tevez: CSL spell was a holiday|
|Mignolet considering Liverpool future|
|Fred waiting for Guardiola call amid Man City speculation|
|Inter confident but patient over Rafinha|
|Giggs had counselling after Old Trafford exit|
|Neville: Mourinho would happily swap Mkhitaryan for Sanchez|
|Man United becoming Pogba´s team – Mourinho|
|Can ´talking with everyone´ but hints at Liverpool stay|
|Mourinho ´not unconfident´ Manchester United will sign Sanchez|
|Pogba warns City that United will not give up the chase|
|Assist king Pogba matches De Bruyne, Sane despite injury and suspension|
|Manchester United 3 Stoke City 0: Valencia, Martial and Lukaku trim gap at the top|
|Shaw feeling on top of his game amid United run|
|Mkhitaryan left out by Manchester United amid Arsenal talk|
|Inter secure Lopez on loan from Benfica|
|Hurst marvels at hat-trick maestro Kane|
|WATCH: Neymar nutmegging for fun in PSG training|
|Nantes´ Carlos has red card overturned after being kicked by referee|
|´Logical´ for Aubameyang to stay at Dortmund, says Stoger|
|Stupid not to - Giggs seeks Fergie´s advice upon taking Wales job|
|Suarez feared Chiellini bite would derail Barca transfer|
|Dortmund sign reported Man United target Akanji|
|Wales confirm Giggs appointment|
|Barcelona´s Dembele out for up to four weeks|
|Struggling Stoke appoint Lambert|
|Referee suspended until further notice after kicking Nantes´ Carlos|
|Coutinho´s ´deserved´ Barca move, says Figo|
|Fatigue the issue for goal-shy Chelsea - Conte|
|West Brom legend Regis dies aged 59|
|Mourinho: I don´t like feuding with managers|
|Puel confident of keeping Mahrez at Leicester|
|Valverde: Real Madrid haven´t given up on LaLiga|
|Ibrahimovic nearing end at top level – Mourinho|
|David is to keep - Mourinho wants new Man United deal for De Gea|
|Nantes president demands ban after referee kicks Carlos|
|Stoger sets out rules for Aubameyang reintegration at Dortmund|