"Good luck for the future".
"Thank you boss", Terry wrote on Twitter. "It wasn't the enthusiastic Antonio that we saw in the first season".
The Italian had two contrasting campaigns at the helm as he over a team that finished 10th in the Premier League as defending champions and turned them around immediately to reclaim the title in 2016/17.
In mid-October, the Blues were beaten by a Crystal Palace side who had gone into the match with no points from seven games, prompting Conte to dismiss rumours of unrest over his training schedule.
Media reports said Conte's departure would take to 85 million pounds the amount Chelsea has spent on paying off sacked managers - nearly the record fee Manchester United paid in 2016 for France midfielder Paul Pogba.
Chelsea have until August 9 to complete all their summer purchases.
Alvaro Morata flopped at Chelsea last season following his move to the club from Real Madrid.
It's been a disastrous summer at Stamford Bridge thus far, with the club yet to make any new signings.
Russian billionaire Abramovich took control of Chelsea in June 2003, with Claudio Ranieri - the future Leicester manager - already in charge.
"The club decides every player", he moaned last season.
Many will argue the move is a harsh one, as Conte was decent throughout his reign and he can leave with his head held high as the Blues did not have a trophy-less season during the two terms under his tutelage. The Italian is also unhappy with his overall treatment from the club and the delay in his departure - with only a month to go before the 2018/19 Premier League campaig begins.
Carlo Ancelotti: Premier League 09-10, FA Cup 09-10. They eventually stuttered to a fifth-placed finish in the league, which has led to Conte's departure even though he did clinch the FA Cup title. Abramovich has successfully disproved this theory, as he did when he appointed Conte to replace Mourinho.