Iraola has informed Bournemouth officials that he will leave the club at the end of the current campaign, deciding that his three-year tenure represents a natural “end of the cycle” on the South Coast.
The news comes as a significant blow to the Cherries, who had spent the last 15 months attempting to tie the Spaniard down to a new long-term contract.
Despite being offered a bumper three-year deal to stay at the Vitality Stadium, Iraola has opted to seek a new challenge. The club had hoped that a productive January transfer window and successful compliance with squad cost ratio rules would convince him to stay, but the former Rayo Vallecano boss is now expected to be a top target for several high-profile clubs across Europe.