Juan Carlos Osorio will not continue as the coach of the Mexico national team, sources told ESPN Deportes.

The Mexican Football Federation is expected to announce on Wednesday that Osorio will not renew his contract after nearly three years in charge of El Tri. A news conference with incoming FMF president Yon de Luisa has been scheduled for noon ET.

The Colombian coach was offered a new deal after leading Mexico in the knockout stage at the World Cup this summer but turned it down after reflecting on his future with the national team.

Osorio, who was hired in October of 2015, has been linked to taking over his native Colombia, should their manager Jose Pekerman leave.

Osorio said last week that "the possibility that I may be able to coach such a great team as our own is inevitable. And because of the enormous love I have for my country, the only smart thing to do is to let Mexico know our decision."

The 56-year-old also also confirmed interest in the vacant United States job last year, and suggested before the World Cup that European clubs had contacted him.

Juan Carlos Osorio will not continue as Mexico coach. Pier Marco Tacca/Getty Images

Osorio won 33 matches, lost 10 and settled for nine draws while in charge of Mexico, but the former New York Red Bulls coach's spell with El Tri was tumultuous, with many in the country criticizing his rotation of players and attempts to mold them into different positions.

There were calls for Osorio to step down after the 7-0 loss to Chile in the 2016 Copa America Centenario, and again when a second-string side crashed out at the semifinal stage of the 2017 Gold Cup to Jamaica.

However, the players appeared to support Osorio throughout his tenure and backed him when high-profile former players like Hugo Sanchez -- and public opinion -- turned against him.

Osorio then led Mexico to arguably its greatest World Cup result, defeating Germany 1-0 in El Tri's group-stage opener, but a 3-0 loss to Sweden in the final group match meant Mexico faced a strong Brazil side in the round of 16, where they were eliminated following a 2-0 loss.

The search will now start for a new Mexico manager, with out-of-work Matias Almeyda and Club America coach Miguel Herrera already having been mentioned as potential replacements.

Choosing the right candidate will be federation president De Luisa's first major task in his new job. De Luisa replaced Decio de Maria at the end of the World Cup.

Mexico's next matches are friendlies against Uruguay in Houston on Sept. 7 and the United States in Nashville four days later.