"Sporting have decided to end Mihajlovic's probationary period and cancel his contract," said new President Jose Sousa Cintra at a news conference on Wednesday. "We will quickly seek a new coach, who should be presented by Monday."
Sporting finished third in the top flight and reached the quarter-finals of the Europa League last season.
(Reporting by Hardik Vyas in Bengaluru; Editing by Peter Rutherford)
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