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Hiddink won the FA Cup with Chelsea in 2009

Guus Hiddink has stepped down as Turkey coach after his side failed to qualify for the Euro 2012 finals.

The Turkish football federation says it has reached a mutual agreement to end the former Chelsea manager's contract, which was due to expire next summer.

Turkey lost 3-0 on aggregate to Croatia after a 0-0 draw in the second leg of the play-offs on Tuesday.

Hiddink, 65, took on his fifth national team role in August 2010 and oversaw Turkey's second-placed Group A finish.

Hiddink had previously led the Netherlands, South Korea, Australia and Russia, plus club sides including PSV Eindhoven, Real Madrid and Chelsea.

HIDDINK'S CLUB HONOURS PSV Eindhoven: Champions League (1988), six Eredivisie championships (1986-89, 2002/03 & 04-06), four Dutch Cups (1988-90 & 2005)

Real Madrid: Intercontinental Cup (1998)

Chelsea: FA Cup (2009)

A statement on the official TFF website read: external-link "We would like to thank Mr Guus Hiddink for his services during his working period, and wish him all the best in his future career."

In his post-match interview on Tuesday he said that he expected to end his association with Turkey, saying: "I worked for the future of Turkey but I think this is my last match with this team - there is a high probability of that."

Hiddink, who boasts one of football's most impressive managerial CVs, is certain to be in high demand and the likes of Paris Saint-Germain in France and Russian Premier League side Anzhi Makhachkala have been linked with his services.