Chelsea have confirmed the appointment of Carlo Ancelotti as their new manager.
The Italian succeeds Guus Hiddink, whose short stint at Stamford Bridge ended after Saturday's FA Cup final victory over Everton.
Ancelotti, who has long been linked with the Stamford Bridge post, left AC Milan by mutual consent yesterday.
Former Champions League winner Ancelotti has agreed a three-year contract with the Blues and will officially take charge on July 1.
A statement on the club's website, Chelsea | Home read: "Carlo was the outstanding candidate for the job.
"He has proved over a long period his ability to build teams that challenged for, and have been successful in, major domestic and European competitions.
"He also had a highly successful playing career in those competitions and therefore brings unparalleled all round experience to the job."
Ancelotti told Chelsea TV: "Milan for me was a great experience.
"For five years I played with a great team - we had a lot of success - and eight years to train a great team.
"Now I think it is time to change and Chelsea for me was a great opportunity, a great team.
"Now I think it is the right moment for a new challenge and I want to put all my energy for Chelsea."
The Italian succeeds Guus Hiddink, whose short stint at Stamford Bridge ended after Saturday's FA Cup final victory over Everton.
Ancelotti, who has long been linked with the Stamford Bridge post, left AC Milan by mutual consent yesterday.
Former Champions League winner Ancelotti has agreed a three-year contract with the Blues and will officially take charge on July 1.
A statement on the club's website, Chelsea | Home read: "Carlo was the outstanding candidate for the job.
"He has proved over a long period his ability to build teams that challenged for, and have been successful in, major domestic and European competitions.
"He also had a highly successful playing career in those competitions and therefore brings unparalleled all round experience to the job."
Ancelotti told Chelsea TV: "Milan for me was a great experience.
"For five years I played with a great team - we had a lot of success - and eight years to train a great team.
"Now I think it is time to change and Chelsea for me was a great opportunity, a great team.
"Now I think it is the right moment for a new challenge and I want to put all my energy for Chelsea."

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