"The board believes that the appointment of a new head coach is required to continue the club’s on-field progress and the search is now underway to appoint a successor," Derby Country said in a statement.
"The board remains firmly committed and driven to achieving promotion to the Premier League."
Former England football manager McClaren, 54, who has been strongly linked with the managerial vacancy at Newcastle, led Derby to the Championship playoff final in 2014.
(Reporting by Mark Lamport-Stokes in Los Angeles; Editing by Justin Palmer)
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