Italian club Inter Milan have sacked their manager, Claudio Ranieri, following the side's 0-2 defeat to rivals Juventus on Sunday, according to an ESPN report.

Inter, who have already sacked two managers this season, earlier said Ranieri (who has only been in charge for six months) would be staying till the end of the season.

However, a club statement, released on Monday, confirmed the former Chelsea boss' departure.

"The president Massimo Moratti and all FC Internazionale would like to thank Claudio Ranieri and his staff for their professionalism and dedication and sincerity in recent months at the helm of the team," read the club statement.

Andrea Stramaccioni (Inter Milan's youth coach) has been named as the temporary manager.

"Inter also announce that they have entrusted the team to Andrea Stramaccioni, the coach who won the first edition of the Next Generation Series," continued the statement.

Ranieri, who was appointed in the wake of the sacking of Gian Piero Gasperini (fired after just five games) has failed to revive Inter's season; the club has won only two of their last 13 games. Furthermore, the Italian giants were knocked out of this season's Champions League and look unlikely to qualify for even the Europa League next season.