Guus Hiddink is available again after parting ways with the Turkish football federation on Wednesday following Turkey's failure to quality for next year's European Championship.
The federation said it had reached a mutual agreement with the 65-year-old Dutch coach to end the contract that was due to expire next summer.
"We thank Guus Hiddink for services rendered during his term and wish him a healthy and happy life," the federation said.
Turkey managed to hold Croatia to a 0-0 draw in the second leg of the Euro 2012 playoffs on Tuesday, but Croatia claimed a place in the final tournament with a 3-0 aggregate victory.
After the match, Hiddink indicated he was likely to stand down.
"I think this is my last match with this team, there is a high probability of that," Hiddink said.
Turkish media reported that Hiddink had bid farewell to the players in Zagreb and did not return to Istanbul with the team.
The Turkish federation did not say who was expected to replace Hiddink, who was appointed in 2010, but Belediyespor coach Abdullah Avci is considered to be a top contender for the post.