Simeone replaces Manzano at Atletico
Atletico Madrid have appointed former midfielder Diego Simeone as coach on an 18-month contract, the club have confirmed.
Simeone won a Primera Division and Copa del Rey double during his first spell playing for the Rojiblancos in the mid-1990s and later returned to the club for another two-year period in 2003.
The former Argentina international recently parted company with Racing Club in his homeland and replaces Gregorio Manzano, who was sacked by Atletico on Thursday.
Sunday's 2-0 defeat at home to Real Betis left Atletico 10th in the standings heading into La Liga's winter break, while they crashed out of the Copa del Rey on Wednesday night at the hands of third-tier Albacete.
Simeone will be formally presented to the media at the Vicente Calderon stadium on Tuesday and his first match in charge will be a Primera Division meeting with Malaga on January 7.
"Atletico Madrid have completed the hiring of Diego Simeone as the new coach of the Atletico first team,'' read a statement on club's official website.
"The Argentinian coach has accepted the offer made to him by the club on Thursday [to take charge] for the remainder of the season and another season, and will arrive in the Spanish capital to begin work at the helm next Monday.''
Simeone had previously stated his interest in the position, saying earlier this week: "Hopefully I can be the next coach of Atletico.
"I do think there is a possibility and I hope that this situation arises. They are aware of my situation and I think there is a chance to go there."