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Penrith NRL coach Ivan Cleary has rejected suggestions that he was the catalyst for Phil Gould's exit from the Panthers.

Penrith coach Ivan Cleary has embraced the pressure of leading the NRL club following the shock exit of Panthers supremo Phil Gould.

"I understand that I'm the leader of the club here and I have to - the results will always fall on my shoulders," Cleary said on Thursday.

"By nature I believe in collaboration and one thing I love about rugby league has been the team environment.

"But I know the buck will stop with me."

Cleary was speaking a day after the club agreed to make Gould's position as general manager of football redundant, after he approached them about leaving.

His exit comes five months after Cleary was brought back to the club as coach despite Gould making overtures to lure Wayne Bennett.

Cleary was at pains to deny suggestions of a power struggle between the pair, emanating from Gould's decision to sack him in 2015.

While it was Gould who pushed previous coach Anthony Griffin out last August, chairman Dave O'Neill came over the top by bringing Cleary back on a mammoth five-year deal.

"There's no falling out. Never has been," insisted Cleary.

I've known Gus (Gould) for almost 25 years, he's been a huge part in my life and my career as a player and a coach."

Cleary was also forced to deny that a disagreement over a recent recruitment decision was the catalyst for Gould's exit.

"There was no blow-ups. I've never had a blow-up with Gus in my life actually," Cleary said.

"I know it seems like a nice narrative but Gus has always said that this role he's in will come to an end at some point. He was always the one going to know that.

"For him to make that decision, I certainly respect that decision and feel indebted that it's now our job as a staff and me leading that staff, to take it from here."

Cleary was a little surprised when Gould opted to leave with three-and-a-half years left of a five-year deal to continue a tenure that began in 2012.

"It did, and it didn't. I've got to be honest, it feels a bit surreal because he has been talking about it for a long time," he said.

"He's always said that it was going to happen one day, so you always think when might that happen. But it's happened and everyone's got to get on with life.

"And that's what we'll do."