Tony Popovic departs Melbourne Victory

Melbourne Victory are on the hunt for a new A-League Men head coach after confirming Tony Popovic will not renew his contract.

Former Socceroos defender Popovic spent three seasons at the Victory, leading the club to an Australia Cup title as well as an A-League Men semifinal and Grand Final.

The 50-year-old's final act in charge was last month's championship decider, which ended in an agonising 3-1 defeat to the Central Coast Mariners in extra time.

"Tony enlisted a winning culture which leaves the club in a better place than when he arrived, challenging for titles and using hard work, discipline and respect to drive outcomes," Victory chairman John Dovaston said in a club statement.

"The next step for us is to find someone who will be a natural progression from Tony.

"He has set the foundations for us and we look forward to appointing a head coach who will be able to use those foundations and go one step further next season."

Popovic has had the misfortune of reaching five A-League Men Grand Finals as a coach and falling to five defeats across his time with Western Sydney Wanderers, Perth Glory and Victory. He led the Wanderers to the Asian Champions League title in 2014.