Cape Town - The Confederation of Brazilian Football has confirmed that head coach Luiz Felipe Scolari has resigned from his role.
Speculation regarding Scolari's future has been rife following his side's disappointing World Cup campaign which was cut short by a humiliating 7-1 semi-final defeat to Germany, the worst result in their World Cup history, which was followed up by a 3-0 loss to the Netherlands in the third-place play-off.
Scolari, whose contract was up for renewal, had initially said that he would leave the CBF to decide his future, but the governing body have announced that he has fallen on his sword.
"Coach Luiz Felipe Scolari and his fellow coaching staff surrendered their positions to the board of the Brazilian Football Confederation," the CBF said in a statement.
"The resignation was accepted by president Marin, who was keen to thank all the coaches and players and, by extension, the Brazilian fans for their support throughout the World Cup campaign.
"Scolari and his entire coaching staff deserve our respect and gratitude. They were responsible for returning to the Brazilian people your love for the team, despite not having achieved our greatest goal."
The 65-year-old, who led Brazil to the 2002 World Cup title, began his second stint in charge of the national team in 2013, and he guided A Selecao in 29 games, winning 19, drawing six and losing four.