“A very special time is coming to an end and I am incredibly grateful for the experiences we shared over 21 unforgettable months together,” Rohl posted on Instagram., external
“This summer has been difficult and, in the end, the club and I came to the mutual decision to part ways.
“I understand the different thoughts and reactions to everything that has been going on during these past few months.
“I am extremely grateful to have had this opportunity. Even during the difficult moments and setbacks, I have always continued to feel the support from everyone.”
The German took over at Hillsborough in October 2023 with the side having made their worst-ever start to a season and he led them on a fantastic run of form to avoid relegation back to League One.
Wednesday then finished 12th in 2024-25 but won just one of their final nine matches as their play-off push faded away.
After the final game of last season at Watford Rohl intimated that his time at the club could be up, before the off-field issues took centre stage.
The Owls start the new Championship season with a trip to relegated Leicester City on Sunday, 10 August.
The former Southampton and Bayern Munich coach’s exit means that of the 18 teams who played in the Championship last season and will play in the second tier again this season only Portsmouth have not changed manager.