Then Liverpool manager Brendan Rodgers looks dejected during the Premier League soccer match against Everton at the Goodison Park, Oct 4, 2015. [Photo/Agencies]

Liverpool terminated the contract of manager Brendan Rodgers on Sunday, just eight games into the Premier League season with the five-times European champions languishing in 10th place.

The announcement came three hours after the team had drawn 1-1 at Everton in the Merseyside derby leaving them with only three wins from their first eight league games this term.

"Although this has been a difficult decision, we believe it provides us with the best opportunity for success on the pitch," the club's owners said in a statement.

"Ambition and winning are at the heart of what we want to bring to Liverpool and we believe this change gives us the best opportunity to deliver it.

"The search for a new manager is underway and we hope to make an appointment in a decisive and timely manner."

Liverpool have only beaten Stoke City, Bournemouth and Aston Villa in the league this season and count a 3-0 thrashing at home by West Ham United among their early results.

They also needed a penalty shootout to overcome fourth-tier Carlisle United in the League Cup at Anfield after being held to a 1-1 draw at Anfield after extra time.

Rodgers, who succeeded Liverpool icon Kenny Dalglish as manager in June 2012 and came close to bringing the title back to Anfield for the first time since 1990 in his second season, invested heavily in new players before the latest campaign.

Belgium striker Christian Benteke came in from Villa for 32.5 million pounds ($49.33 million), Roberto Firmino arrived from Hoffenheim for 21 million and England fullback Nathaniel Clyne joined from Southampton for 12.5 million.

Liverpool made a positive start to the season but have since been thrashed at Anfield by West Ham and also lost 3-1 to Manchester United, their first half-showing at Old Trafford described as the worst in living memory.

Draws against Girondins Bordeaux and FC Sion in the Europa League and lowly Carlisle -- despite the subsequent penalty shootout win -- proved to be the final straw.

Rodgers, 42, has now become the seventh man to arrive at Anfield and leave without taking the club back to the pinnacle of English soccer which appeared to be their divine right from the mid-1960s to 1990 when they won their last title.