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The North London outfit were top of the Premier League and flying in November but now find themselves seventh in the table and five points off the top four with five games remaining.
Spurs were also knocked out of the Europa League by Dinamo Zagreb in embarrassing fashion in March, having thrown away a 2-0 first leg lead in the round of 16 tie.
Shortly after, the club confirmed that Mourinho, along with four members of his staff, has been relieved of his duties before Spurs contest the Carabao Cup final against Manchester City at Wembley next Sunday.
In a statement to the official Spurs website, chairman Daniel Levy said: Jose and his coaching staff have been with us through some of our most challenging times as a Club.
"Jose is a true professional who showed enormous resilience during the pandemic. On a personal level I have enjoyed working with him and regret that things have not worked out as we both had envisaged. He will always be welcome here and we should like to thank him and his coaching staff for their contribution."
Mourinho's last game in charge of Spurs was a 2-2 draw with Everton on Friday night at Goodison Park.
First-team coaches Ryan Mason and Chris Powell are poised to take charge of the team for the rest of the season, starting with the visit of Southampton on Wednesday.
The 58-year-old, who replaced Mauricio Pochettino in November 2019, was informed of his dismissal on Monday morning after winning just one game in his last five.
His team has also dropped 20 points from winning positions this season - more than any other side in the Premier League.
Last season he guided Spurs to a sixth-placed finish but his sacking, less than a week before the League Cup final, means his record of winning a trophy at every club he has managed for at least 20 games has come to an end.