The former Manchester United boss struggled to make an impact in the Basque Country, departing with the side in 16th place having collected just nine point from their opening 11 games this season, only out of the relegation zone thanks to goal difference.
The Txuri-urdin lost 2-0 away at relegation rivals Las Palmas which looks to be the final straw for club president Jokin Aperribay.
Moyes took the team to 12th place last season and invested in the summer, spending €16m on Asier Illarramendi and €7.6m on the striker Jonathas but fortunes have no improved.
During the summer the Scot had the chance to return to the Premier League and will be a strong candidate for a role that becomes available in the English top flight.
For the majority of his time in San Sebastian Moyes had stayed in a hotel, only recently moving into a flat in the Basque city.
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