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Postecoglou’s future had been clouded since the Socceroos defeated Syria in their October World Cup qualifier with rumours circulating he was considering standing down.

His refusal to confirm his future only added to the speculation.

Postecoglou confirmed the news at a press conference this morning.

“After a great deal of thought and soul searching, the journey ends as Socceroos coach,” an emotional Postecoglou said.

“This has been a very tough decision for me. It has been a privilege for me to coach my country’s national team, to lead them at the 2014 World Cup, to win the Asian Cup in 2015 and now to have qualified for the World Cup next year. I said we would do it and we have done it.

“All this however, has taken a toll on me both personally and professionally. I have invested all I can knowing how important a period it was for Australian football. It is with a heavy heart that I must now end the journey."

FFA boss David Gallop praised Postecoglou’s efforts but admitted he was disappointed by his decision to walk away.

“I’m really disappointed that he won’t be coming to Russia,” Gallop said.

“I’m disappointed. I’m a bit puzzled. But sometimes you reach a point you know you need to do something new.”

Gallop refused to speculate on who would take over from Postecoglou adding it would likely be a lengthy selection process.

“We will not rush this process. The Socceroos will not play again until March next year at the earliest so we have time to conduct a thorough process. With a guaranteed place in the World Cup, I am sure we will attract a strong field of candidates.”

More to come.