The former Newell's Old Boys footballer leaves the London club after five years and having taken the team to the final of the last European Champions League.
The Englishman Levy, who has been at the head of the institution since 2001, something unprecedented in the Premier League, explained in the official statement of the dismissal that the "results were disappointing" both at the end of the last season and at the beginning of the present but remarked that "Mauricio and Your coaching staff will always be part of the history of the club.
In this season, Tottenham occupies the 14th position in the English Premier with 14 points, twenty of the leader, Liverpool.
In the Champions League, he is second in group B with seven units but suffered a tough win with the pointer Bayern Munich, from Germany, 7-2, at home.
In addition, l"Spurs" were left out on penalties of the League Cup against Colchester, of the fourth English division.
At 47, Pochettino led the club in 293 games, with 159 wins, 62 draws and 72 losses.
The leadership understood that the departure of Pochettino will serve to "revitalize" the "talented" team that has the club and "offer a positive season" For the fans.
"It is up to us to make difficult decisions and this was the most important given the many memorable moments we had with Mauricio and his coaching staff," the president added.
The next Tottenham match, which has the Argentines Paulo Gazzaniga, Juan Foyth, Erik Lamela and Giovani Lo Celso on campus, it will be Saturday against West Ham, as a visitor.
And since West Ham Stadium is also in London, it is likely that Mourinho is watching the meeting and its future directed, according to the same Tuesday, the English newspaper The Sun anticipated, which would imply his return to activity after almost a year without training.
It should be remembered that "Mou" sounded loudly more than a month ago to replace the French Zinedine Zidane in Real Madrid, an issue that would have meant his return to Santiago Bernabeu, but the "merengue" team began to lift its actions, both in the Spanish league and in the Champions League, and then that possibility lost strength.
Tonight's conversations in the English capital between Levy and Mourinho were confirmed by the London TalkSport site, who assured that the Portuguese of Setubal, 56, is willing to resume his coach career after a sabbatical year, in which he devoted himself to the task of commentator in a local sports chain.
The departure of Pochettino, the dismissal actually, which was carried out in hard terms considering its good performance that earned him, for example, the public support of a legend of the institution such as former striker Gary Lineker or that of one of its leaders, like Delle Ali, he also dragged his entire coaching staff, composed of the Spaniards Jesus Perez, Toni Jimenez and Miguel D'Agostino, in addition to his eldest son Sebastiano.
While his other son, Maurizio, plays in the lower Tottenham and signed his first contract with the institution last July, when he turned 18. He had previously made inferiors in Southampton, the previous English team led by his father.
Pochettino anticipated that, by identification with Espanyol, he would never go to Barcelona, and at the beginning of the year he dismissed, before they offered him, the possibility of taking over the Argentine national team. Now his future is a mystery, although surely he will not lack offers. Bayern Munich, where Josep Guardiola will not return, may be one of them.