The team announced the move Thursday night within an hour of a report by SI.com that they were negotiating Fisher's departure. The team said in a release that "Fisher will no longer be the head coach of the team."
The move comes only three weeks after owner Bud Adams announced Fisher would stay on for the final year of his current contract in a move that would have left Fisher coaching for his future.
A news conference will be held either later Thursday night or Friday to discuss the first coaching change since the franchise relocated to Tennessee from Houston in 1997.
