This was confirmed to snl24.com/kickoff by the former Bloemfontein Celtic and Golden Arrows coach earlier today.
In what was a last-minute attempt to escape relegation, Pondo Chiefs roped in the experienced coach in March, replacing caretaker coach Julius Dube.
Though Larsen's arrival did help improve the team, it was a case of too little too late.
Chiefs have since been relegated after finishing at the bottom of the GladAfrica Championship table, and Sunday was Larsen's last day at the club.
"At this stage I can't say much regarding that, we'll just have to wait, my agent is busy with that so I'll just wait and see ja," Larsen says.
"I was only helping the team till the end of the season, that was the agreement with the chairman that I will only help the team till the end of the season.
"So I don't have a contract with the club post the last match. There was no talk about me carrying on with the team after the last match."
Following their relegation, Pondo Chiefs will be going back to ABC Motsepe League football next season.