Guardiola will take over at the Etihad Stadium from 2016/2017 season on a three-year deal with Pellegrini set to officially depart on June 30.
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The 45-year-old Spaniard announced in December that he would leave current club Bayern Munich in May after three years at the helm, with an intention to coach in England next season.
Reacting to the development, Pellegrini said:
Reacting to the development, Pellegrini said:
"I told the management to annouce Pep because I need a new job. The club are not doing anything behind me. I knew this one month ago but I don't think it's good to have rumour or speculation about these things, so I prefer to finish today, which is why I have told the players and I have told the press. I also spoke to the club two weeks ago and said that I would do it."
The much travelled Pellegrini signed for City in 2013, becoming the first Chilean to coach in the Premier League.
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The much travelled Pellegrini signed for City in 2013, becoming the first Chilean to coach in the Premier League.
Follow us on twitter @info247plus