His contract expired after Eurobasket and was not renewed by the Federation.
Israel hosted one of the groups and ended the tournament with just one win in five games.
Oded Katash is the main candidate to replace him, as reported by Walla.
Bazarevich will remain as head coach of Russia
A special gift from Petrovic's mother to the new Eurobasket champion
The coach will remain for years on Serbia bench
The Top 10 plays of Eurobasket
In the traditional FIBA EuroBasket post-tournament press conference, FIBA Europe President Turgay Demirel championed the emergence of the new stars at FIBA EuroBasket 2017