Aston Villa were held to a 3-3 draw by Preston North End on Tuesday night in what proved to be a insane affair at Villa Park.
Fans had become increasingly frustrated with boring football that Bruce's team had been playing, without results to justify it.
Fonseca started his managerial career in Portugal with minnows Aves where he won 42.11% of his matches in charge before spells with Pacos de Ferreira and Porto saw him win over half of his games as manager. However, his team lost 1-0 to Fulham and have failed to find any form this season.
Villa remain in 12th place in the Championship having won just once in their last nine league outings. We wish them well for the future.
He said after the game: "To say it's disappointing is an understatement for a club like this".
The team from the West Midlands are now languishing in 13th position in the Championships table, having narrowly missed getting promoted into the Premier League last season.
Under-23s boss Kevin MacDonald will take charge of Saturday's trip to Millwall.
Bruce, who leaves Villa exactly two years to the day since his predecessor Roberto di Matteo was sacked, is the first manager to lose his job in England's second tier this season.