Manchester City have announced the appointment of Manuel Pellegrini as their new manager.
The Chilean, who was expected to be named as Roberto Mancini's replacement at the Etihad Stadium for some time, has put pen to paper on a three-year contract and will begin his work on June 24.
The former Malaga boss who left his post in Spain after guiding the club to the Champions League quarter-finals said he was estatic to be taking charge of the Citizens.
He told Manchester City's official website: “I am delighted to accept this hugely exciting opportunity. The Club has a clear vision for success both on and off the pitch and I am committed to making a significant contribution.
"Everything is in place for Manchester City to continue to be successful and I am excited to be able to work with such a talented squad, the Executive team and the Board to deliver for fans who are renowned for their steadfast support.”
Chairman Khaldoon Al Mubarak added: "Manuel is a hugely experienced and successful manager with a proven track record."
"We have been greatly impressed throughout the selection process by his philosophy, his attitude and his commitment to the long term development of Manchester City. I am delighted that he has joined us."
Pellegrini takes over from Mancini, who was sacked by the club in May having won the FA Cup in 2011 and the Premier League title in 2012 - City's first in 44 years.
The 59-year-old's previous managerial experience include spells in charge of Villarreal and Real Madrid.
Pellegrini had been linked with taking over at Manchester City on the day of their FA Cup Final defeat against Wigan, and having left cash-strapped Malaga at the end of last season has finally been installed as boss of one of the wealthiest club in the world.