The Italian Football Federation (FIGC) have confirmed Antonio Conte as the nation's new coach, effective immediately.
The 45-year-old led Juventus to three successive Serie A titles before surprisingly resigning from his post last month.
And he was confirmed as Cesare Prandelli's replacement on Thursday, signing a contract that will keep him in charge of Italy until July 2016.
Under the terms of Conte's contract, he will receive a bonus for leading the country to UEFA Euro 2016.
Further bonuses are up for grabs if Italy can improve their FIFA ranking by five positions and depending on the nation's performance at that tournament in France.
FIGC president Carlo Tavecchio confirmed the association had been talking with Conte earlier this week and after much speculation, they announced the appointment on Thursday.
Conte reportedly beat former Manchester City and Galatasaray manager Roberto Mancini for the position.
He will face the media for the first time in Rome on Tuesday.
Conte's first task in charge of Italy will be a friendly against the Netherlands on September 3 before the nation's bid to reach Euro 2016 begins against Norway six days later.
Italy failed to make it through the group stages of the 2014 World Cup, leading to Prandelli's resignation.
Aussies Abroad: Two-year Danish Superliga record falls as Mabil's Midtjylland lose to Brondby
Awer Mabil’s hopes of clinching the Danish Superliga title with FC Midtjylland suffered a blow after a 2-1 loss to Brondby earlier this morning. Marc Dal Hende opened the scoring early for Midtjylland, but a swift equaliser from Simon Hedlund and a deflected winner from Jens M
Former Caltex Socceroos striker announces retirement
Former Caltex Socceroos forward and Adelaide United legend Bruce Djite has announced his retirement from football. Djite, 32, was most recently playing for Indonesian club PSM Makassar before returning to Australia last year. “I’ve had a few opportunities come up that inter
Aussies Abroad: Milligan and Rogic locked in Scotland, big wins for Amini and Giannou
Tom Rogic and Mark Milligan locked horns as the Scottish Premier League's runaway leaders, Celtic, were held by Hibernian in a stalemate at Easter Road. The Caltex Socceroo pair shared the pitch for around ten minutes as steely midfielder Milligan bustled for 70 minutes, while
Aussies Abroad: Ryan clean sheet puts Brighton in reach of safety
It may be an Easter long-weekend but that does not mean there is any less action for our overseas Caltex Socceroos. A clean sheet from Mat Ryan helped secure a vital point for Brighton & Hove Albion in the race for English Premier League survival, as they held Wolverhampton Wa