The Blues are now expected to appoint Sarri, who recently left Napoli, which led to a contract wrangle with the Italian club, although the saga is nearing a conclusion.
Having won the Premier League title in Conte's first season at the helm, last term was a troubled one for Chelsea - although it ended with them winning the FA Cup.
It hasn't been the most productive pre-season at Stamford Bridge with the uncertainty over the coaching position clouding much of the summer, and Antonio Conte has now officially been dismissed by Chelsea as Maurizio Sarri waits to be appointed.
Conte delivered trophies in his two years at Chelsea but also brought controversy. "In the title winning season, the club set a then-record 30 wins in a 38-game Premier League season, as well as a club-record 13 consecutive league victories", the statement reads.
Sarri, who split his time between banking and playing football before he took up coaching aged 40, has not won a major honour in three years at Napoli but has guided the club to finishes of second, third and second again.
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Despite this, they managed to pick up some silverware by beating Manchester United 1-0 in the FA Cup final in May, though Conte had been anticipating the sack this summer.
Maurizio Sarri is set to be announced as their new manager imminently, and the club are hoping that his arrival, along with an array of new signings, will help to persuade Eden Hazard to stay put. The former Empoli manager was named Serie A Coach of the Year in 2016-17. And the club now has less than a month for their new manager to make an impact before their Premier League opener away at Huddersfield on 11 August.
Morata enjoyed two successful seasons in Juventus before being recalled to Real Madrid, but his former side would prefer cash for Higuain rather than a swap deal.
Higuain played under Sarri at Napoli and the Italian wants a reunion at Stamford Bridge after putting pen to paper on a contract on Friday.
Incredibly the club have released a statement thanking Conte for his services to the club, but the message only consisted of 52 words.
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Chelsea finally confirmed Conte's departure on Friday, with Cesc Fabregas paying tribute to the Italian coach on Twitter . The former Juventus boss led Chelsea to the Premier League title in his first season in charge of the London club.
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German made six breaks and lost four games on his serve. "I feel like I'm getting to where I want to be", Williams said. Williams, asked whether she's felt any pressure during this tournament, said, "This is only my fourth tournament back".