The Canaries shock 2-0 defeat to League One outfit Preston was Adams’ last game in charge, with his side sitting in seventh place behind the Championship play-off positions.
Adams couldn’t prevent Norwich from sliding to Premier League relegation last season, but was trusted with the challenge of regaining promotion at the first attempt by the clubs owners.
Despite a recent revival in form with three wins in five after just one victory in ten, Adams looked subdued after Saturday’s FA Cup exit. The clubs owners have demanded promotion back to the top flight, and with the highest season ticket prices in the division, supporters are expecting the same outcome.
Adams is expected to return under a new role in the summer.
A statement from Norwich City reads: “The Club would like to thank Neil for his hard work and dedication during his time as manager and over many years as a player and coach.
“Everybody at Norwich City looks forward to working with him again when he returns in the summer.”
Adams departure opens the door to former Manchester United assistant manager Mike Phelan, who is reportedly likely to be assigned the role of caretaker manager until the end of the season.
Norwich are currently seventh in the Championship table with 37 points, three points behind sixth place Brentford.
Phelan’s first challenge is a difficult one, as Norwich travel to table toppers Bournemouth on Saturday.
They will be hoping to stay within touch of not only the play-off positions, but the automatic promotion places too.