Claudio Ranieri has been appointed the new coach of Monaco, ending speculation linking him with a move to West Bromwich Albion.
Ranieri, 60, has been without a club since he was sacked by Inter Milan in March and has recently been linked with the vacant managerial position at West Brom.
On Wednesday, though, it was confirmed by Ligue 2 side Monaco that the Italian coach has signed a two-year contract with the option for a further 12 months.
"AS Monaco Football Club is delighted to announce the appointment of Claudio Ranieri as the club's new head coach," read a Monaco statement.
"The appointment follows a rigorous search and selection process during which Claudio Ranieri clearly emerged as the outstanding candidate for the job.
"He is regarded as one of the leading coaches in modern European football and brings to ASM FC a wealth of experience and achievement in the game.
"We are confident that, under Claudio Ranieri's leadership, the team will continue the strong improvement it experienced in the second half of last season.
"Above all, we believe his coaching skills will bring an extra dimension to the preparation of the team that will help drive the level of performance that is required both to entertain and to excel."
Ranieri, who has had spells at Parma, Juventus and Roma, will be presented at a press conference at 1600 BST on Thursday alongside general director Filips Dhondt and sporting director Tor-Kristian Karlsen at the Stade Louis II.