He had reportedly been suffering from colon cancer.
"He has died, I can not say much, talk to someone", said a weeping Chamisa. "The family communicated this to me", MDC vice-president Elias Mudzuri told Reuters.
MDC-T Vice President Nelson Chamisa is now the party's de facto leader after being appointed Acting President for the next 12 months.
"It is awful, The legacy of Tsvangirai is that he was one of the greatest opposition leaders of the post colonial period, and he defeated one of the major liberation movements of the region, and he was denied that victory", Zimbabwe's veteran analyst and academic, Brian Raftopoulos said.
Tsvangirai (L) and Mugabe (R) pictured in 2013.
In a Facebook statement seen by TUKO.co.ke on Thursday, February 15, Odinga said Tsvangirai was a distinguished political leader of the Second Liberation of Zimbabwe.
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Tsvangirai addresses an MDC rally in Mutare in 2000.
The 65-year old, often times was jailed and beaten by pro-regime thugs in his pursuits to liberate the country from the decades of autocratic rule by former president Robert Mugabe and his acolytes. "This is a person who would in the eyes of the people, would be accorded a hero's status".
Tsvangerai, a former prime minister in a power-sharing government with erstwhile president Robert Mugabe died on Wednesday morning. Morgan Tsvangirai you fought a good fight.
Tsvangirai was the eldest of nine children, and spent his early years as a textile worker and miner.
He got his first taste of politics when he took on the role of mine foreman, moving on in 1988 to become full-time secretary general of the Zimbabwe Congress of Trade Unions.
His first wife, Susan, was killed in the head-on collision.