"Beckham's contract was not renewed," Predrag Mijatovic told Italian TV station Sky TG 24.
However, it wasn't clear whether Mijatovic meant the decision was final or whether contract talks were still alive.
Beckham's four-year contract expires at the end of this season. Mijatovic said Tuesday that the club wanted Beckham to decide by next week whether he will accept a two-year contract extension, reports AP.
Beckham has been stalling on the offer due to his lack of first-team opportunities under coach Fabio Capello this season. He has started only seven of 25 matches.
The head of Russian Technologies, Sergei Chemezov, clarified the fate of anti-aircraft guided missiles that Russia was supposed to deliver to China
The Basmanny Court of Moscow arrested Michael Calvey, the founder of Baring Vostok investment fund, on allegations of embezzling 2.5 billion rubles from Vostochny Bank. Calvey will be held in custody until April 13