Carlos Alberto Parreira has resigned as coach of Brazil.

Parreira met with Brazilian Football Federation (CBF) president Ricardo Teixeira and news of his decision to stand down came shortly afterwards.

The 63-year-old led Brazil to World Cup glory in 1994 in his second spell in charge but his third was less successful, his side bowing out of the 2006 World Cup at the quarter-final stage.

He was initially installed as coach of the Selecao in 1984 but lasted just 14 games, winning five.

His second spell at the helm began in 1991, a year after he had coached the United Arab Emirates at Italia 90, and was altogether more successful.

It culminated in glory three years later in the USA, and it was no surprise when he was handed the post again in 2003.

He led Brazil to the Copa America title in 2004 and then the 2005 Confederations Cup in Germany last summer.

But the team's failure in the 2006 World Cup meant his departure was inevitable.

Parreira, who has cited family reasons for his decision to step down, said shortly after the loss to Les Bleus: "The game will be marked in our minds until Brazil win another World Cup, which I hope to happen in 2010.

"The one who continues with this will have to take this ship and think about regaining the World Cup in 2010."

(reopens) A statement on the national team's official website, www.cbfnews.uol.com, read: "The decision was jointly taken and, from now on, Parreira does not have a link with the Brazilian Football Confederation.

"The coach said that he needs to dedicate time to his family and rest from these four years leading the Brazilian national team."