Manchester City have confirmed Pep Guardiola will succeed Manuel Pellegrini as manager this summer.
Guardiola will take over at the Etihad Stadium on a three-year deal with Pellegrini set to officially depart on June 30.
The 45-year-old Spaniard announced in December that he would leave current club Bayern Munich in May after three years at the helm, with an intention to coach in England next season.
A statement issued by the club said: "Manchester City can confirm that in recent weeks it has commenced and finalised contractual negotiations with Pep Guardiola to become MCFC Head Coach for the 2016/17 EPL season onwards.
"The contract is for three years. These negotiations were a re-commencement of discussions that were curtailed in 2012.
"The contract is for three years. These negotiations were a re-commencement of discussions that were curtailed in 2012.
The club's surprise statement ends considerable speculation linking them with outgoing Bayern Munich boss Guardiola and over Pellegrini's future.
The 62-year-old Chilean revealed the news at the end of a press conference to preview tomorrow night's clash with Sunderland at the Stadium of Light.
"Before I finish, I want to tell you I have talked with the club and I will finish my contract on the original date," Pellegrini said.
"I signed for one year more [in August he extended his contract until the summer of 2017] but with the clause that the club or me can choose not to use that now. So I finish here 30 June, so there is not the speculation.
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