Arne Slot says he is leaving Liverpool "exactly where it belongs: among Europe's elite" after he was sacked as head coach on Saturday.

The Dutchman, 47, won the Premier League title in his first campaign but was dismissed by the club's hierarchy after the Reds finished fifth in the league this season, 25 points behind champions Arsenal.

Liverpool will open formal talks with former Bournemouth manager Andoni Iraola this week over becoming their new head coach.

In an emotional open letter published in the Liverpool Echo, external, Slot said fans made him feel welcome from the start and helped him on his path. "That is something I cherish," he added.

"I leave with complete confidence in what lies ahead.

"The players who have given so much to this club, who have upheld its values and helped create so many unforgettable moments, have built foundations that will endure."

Despite suffering 20 defeats in all competitions, Slot secured Liverpool's place in next season's Champions League.

"Securing Champions League football was an important responsibility and one that ensures Liverpool can continue competing at the highest level next season and beyond," he added.

"Change is part of football, but I know that this club will continue to make its people proud.

"When I first stood beneath that sign in the Anfield tunnel, I knew what this club demanded. I leave knowing we never stopped striving for it."