Mihajlovic, 42, had come in for some heavy criticism already this season and Sunday’s 1-0 defeat by Chievo – which left them 11th in the table – proved the final straw for the club board.
The Serbian – who had previously coached Bologna and Catania in Serie A after a distinguished playing career which saw him win the European Cup with Red Star Belgrade in 1991 – had been in charge since the beginning of last season when Cesare Prandelli left to coach the national side.
Rossi is best known for two spells coaching Palermo in the past two seasons, guiding then on both occasions to a Europa League place.
However, the 51-year-old has fallen foul of the so called ‘coach eater’ Palermo owner Maurizio Zamparini, who refused to renew his contract in the summer and only last season sacked him after a 7-0 humbling by Udinese before rehiring him a month later.
Meanwhile, Landon Donovan has withdrawn from the US squad for Friday’s friendly against France at the Stad de France, preferring to train with the Los Angeles Galaxy for the MLS final against Houston on November 20.
Donovan missed last month’s friendlies with a strained quadriceps. Donovan and Clint Dempsey, the USA’s top two attacking players, haven’t been on the pitch together since Jurgen Klinsmann replaced Bob Bradley as coach in July.
US coach Klinsmann said he had expected Donovan to play against France, then return home and miss the friendly in Slovenia four days later.
“The plan was to have Landon come in for the match against France and then return to the LA Galaxy in preparation for MLS Cup, but after further discussion Landon expressed his desire to stay in Los Angeles,” Klinsmann said.
“While my preference was to have Landon with us for this important match, I respect his decision,” Klinsmann said.
Klinsmann, the former German superstar who was named US coach on July 29, has one win and a draw in five matches in the job, his lone triumph a 1-0 US victory over Honduras in a friendly in Miami.