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.”
Liverpool spent £415m last summer on six players – the highest outlay in a single window by a British club – in a bid to retain their title.
They broke the British transfer record to sign Alexander Isak from Newcastle for a fee of £125m and also bought Bayer Leverkusen and Germany playmaker Florian Wirtz for a club record £116m.
In July, forward Diogo Jota died in a car crash – a player who featured regularly under Slot.
“We would like to take this opportunity to place on record our appreciation for Arne, who will always hold a special place in the history of this football club as the coach who delivered Liverpool’s 20th league title,” the statement added.
“That accomplishment – made all the more remarkable as it arrived in his very first season in charge – was built on outstanding coaching and leadership every single day.
“He also helped guide the club through one of the most difficult periods imaginable following the loss of Diogo. The compassion and humanity he showed throughout that time said a great deal about him as a person.
“As such, we can only wish Arne well in the next stage of his coaching career, with our expectation being that he will continue to be successful. We do so in the knowledge that his Liverpool legacy is intact and will become yet more meaningful in the years and decades to come.”
