Confirmed: As we first reported over 24 hours ago, Liverpool have confirmed that they have parted ways with manager Kenny Dalglish. You can read our full story on the matter HERE. Updated: By 5pm Tuesday, Liverpool were still refusing to comment on speculation that Kenny Dalglish was to leave the club. We remain confident that the information we received is accurate and that an announcement on Kenny Dalglish's future will be made by the Anfield club in due course. British newspaper The Mirror reported on Tuesday evening that it could be "days" before Liverpool officially announce the outcome of Dalglish's meeting with the US owners. Meanwhile Liverpool fans are left wondering what is going on... Breaking news; What Culture understands from its US-based sources that Kenny Dalglish has resigned as Liverpool manager today. Dalglish (and assistant manager Steve Clarke) were scheduled to meet the Liverpool board Stateside this morning, including US owner John Henry and chairman Tom Werner. We are led to that believe Dalglish's offer of resignation has been accepted with immediate effect. The Anfield legend leaves his post after just 16 months in charge and despite delivering a League Cup trophy (their first silverware in six years) and another Wembley final in the FA Cup defeat to Chelsea, Liverpool finished eighth this season after 14 league defeats, finishing 17 points behind the Champions League places and almost 40 points behind the top two. During his spell in charge Dalglish had spent £114 million on players with the generous warchest partly funded by Fernando Torres' £50 million sale to Chelsea but also out of the US owners desire to get back into the Champions League. But they were so off the mark this season that their Champions League wish was over months before this past Sunday's finale when they lost again without a whimper, 1-0 at Swansea. Liverpool FC are refusing to comment on the situation but The Mirror reported that an official announcement is expected at around 3.30pm or 4pm UK time. British newspapers reported over the weekend that US owner John Henry was eyeing Wigan manager Roberto Martinez to replace Dalglish after his impressive brand of football has kept the Latics in the Premier Division for another season. Stay up to date with all of the latest news from Anfield via our Liverpool Blog.