Lazio is currently seven points out of the final European qualification spot in Serie A after losing 2-1 at home to Udinese on Monday.
Bayern Munich eliminated them from the Champions League last week.
The 65-year-old Sarri joined Lazio in 2021 and guided the team to their best league position since winning the championship in 1999–2000, second place in Serie A last season.
Giovanni Martusciello, the assistant manager, has been appointed interim manager.
On Saturday, Lazio visits third-place Frosinone. Next month, they will play Juventus over two legs in the Italian Cup semifinals.
Sarri played with Chelsea for a single season in 2018–19, winning the Europa League and placing third in the league.
Sarri Maurizio steps down: Lazio boss resigns following team’s fifth loss in six games.
Maurizio Sarri, the manager of Lazio, has resigned following his team's fifth loss in six games across all categories.
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