Rome, May 14 - Italy coach Roberto Mancini has been fired by Manchester City with the expensively assembled English Premier League side set to end the season without a trophy. City failed to defend they Premier League title they won under Mancini last season, with local rivals Manchester United regaining the crown last month with four games to spare. They also lost 1-0 to Wigan Athletic in last weekend's FA Cup final and failed to progress from the group stage of the Champions League for a second successive season earlier in the campaign. "It is with regret that Manchester City Football Club announces that Roberto Mancini has been relieved of his duties as Manchester City Manager," a club statement read late on Monday. "Despite everyone's best efforts, the club has failed to achieve any of its stated targets this year, with the exception of qualification for next season's UEFA Champions League. "This, combined with an identified need to develop a holistic approach to all aspects of football at the club, has meant that the decision has been taken to find a new manager for the 2013/14 season and beyond". Former Fiorentina, Lazio and Inter Milan coach Mancini took over at City in December 2009. He also led City to victory in the FA Cup in 2011, which was the club's major honour in 35 years. Malaga coach Manuel Pellegrini is being tipped to be his replacement. City's Assistant manager Brian Kidd will be in charge for the Premier League team's last two games of the season.