Hungary coach Peter Bozsik's resignation was accepted by the country's Football Association board at an extraordinary meeting in Gyor on Thursday.
Peter Bozsik signed a contract on Thursday to become the 45th Hungarian national coach.
Former Hungarian Olympic soccer gold medallist Ferenc Bene has died aged 61.
Former Aston Villa boss John Gregory could be set to make a surprise return to management with Hungary's national team. The Magyars are looking for a new boss after Lothar Matthaus resigned.
Hungary have been confirmed as England's first opponents at the new Wembley stadium as part of Sven-Goran Eriksson's preparations for the World Cup finals.
England will play Hungary in a soccer friendly at the new Wembley Stadium on May 30, the head of the Hungarian Football Association said on Tuesday.
Hungary coach Lothar Matthaeus has called up three uncapped players in a 23-man squad for his team's friendly against Greece in Athens on November 16.
Ferenc Puskas is to sell more than 100 personal mementos of his illustrious soccer career at a British auction next month.
Hungary's German coach Lothar Matthaeus named the following 23-men squad for his team's upcoming World Cup group eight qualifiers against Malta and Sweden in Budapest on September 3 and 7.
France coach Raymond Domenech may not have got his wish of an international friendly with China but he feels the fixture with Hungary that has been arranged in its place will still be a useful exercise.