Guus Hiddink has turned down the chance to return to club management and has agreed a two-year deal to become the new coach of Turkey when his current deal with Russia expires this summer.
Turkish Football Federation (TFF) president Mahmut Ozgener and vice-president Lutfi Aribogan flew out to Amsterdam to negotiate with Hiddink, who had already confirmed he would be leaving his current post.
The TFF agreed a deal with the coach to lead Turkey into the qualifiers for Euro 2012. There is also an option for a further two years.
A statement on the official TFF website read: "Dutch coach Guus Hiddink has accepted to take Turkey's helm until August 2012 after announcing he won't extend his contract with Football Union of Russia which was due to expire on 30 June."
The former PSV and Real Madrid manager, who won the FA Cup during a spell as caretaker manager of Premier League side Chelsea last season, had been linked with a number of club sides - including Liverpool - but has opted to remain in international football.
Former Turkey captain Oguz Cetin will be part of Hiddink's coaching team, while former Turkey goalkeeper Engin Ipekoglu will be goalkeeping coach. A Dutch assistant is set to be named later.
The former Australia boss took charge of the Russian team in 2006 and steered them to the Euro 2008 semi-finals, having beaten England to a place in the tournament, but Russia then failed to qualify for this summer's World Cup.
Hiddink also led Holland to the World Cup semi-finals in 1998 and South Korea to the same stage four years later.
Turkey have been drawn alongside Germany, Austria, Belgium, Kazakhstan and Azerbaijan in qualification for the upcoming European Championship in Poland and the Ukraine.