Wanderers have won just one of their opening 10 games in the league and Wednesday's 4-0 drubbing at Fulham proved to be the final nail in Freedman's coffin, with the club announcing the Scot's departure by mutual consent on the eve of Saturday's home game with Bournemouth.
Freedman left Crystal Palace to take up the vacancy at Bolton two years ago this month but after narrowly missing out on the play-offs in that campaign, his side have toiled in the lower reaches of the second tier ever since.
"Dougie has worked tirelessly off the field to improve the infrastructure of the football club
Unfortunately, recent results on the pitch have not reflected all his work off it," chairman Phil Gartside said in a statement published on the club's official website.
"The club has faced a difficult time following our relegation from the Premier League and Dougie has helped to restructure the club in order for it to become successful again under ever-tightening constraints.
"I would like to thank Dougie personally for all his commitment and efforts for Bolton Wanderers."
Source : PA
Source: PA