Terry Venables has been confirmed as the new Leeds United manager.
In a statement to the London Stock Exchange this morning the club said: "Leeds United Plc announces the appointment of Terry Venables to the position of manager with immediate effect.
"He has today signed an initial two-year contract.
"Terry Venables has almost unrivalled football management experience, including spells at Tottenham Hotspur, Barcelona, England and Australia.
"In making this announcement Leeds United would like to place on record their thanks to ITV for releasing Terry from his existing Premiership and Champions League contract."
Venables (59) is expected to be publicly unveiled at a press conference at Elland Road on Wednesday.
Middlesbrough boss Steve McClaren had also been among those tipped to take over from David O'Leary, who was fired on June 27th.
Leeds also targeted Martin O'Neill - but the Celtic manager revealed he intended seeing out the remaining year of his contract with the Scottish champions.
Venables' last managerial role was at Middlesbrough, where he took over as coach under Bryan Robson in December 2000 for six months and steered the Teessiders to safety.