Rangers have announced that Liverpool legend Steven Gerrard will take over as first team manager.
It had been widely reported that Gerrard would take the reins at the Ibrox club after he confirmed the two parties had "positive talks" during the week, and today the club confirmed he would join on a contract until 2022.
“I am honoured to become the next manager of Rangers. I have enormous respect for this football club, and its history and tradition," Gerrard said. “I can’t wait to start this new journey at Rangers as we look to build on the many successes that this club has achieved.”
Rangers chairman Dave King added: “We are delighted to confirm today that Steven Gerrard will become the next manager of Rangers. From the very beginning, talks have been extremely positive and we believe that Steven is the right man to drive Rangers forward.
“He was extremely impressive throughout our negotiations and we are convinced that he has the necessary knowledge and temperament to lead the club to the success we all desire. This a special day for our club, our fans and for Steven.”
The former Liverpool midfielder has appointed his former team-mate Gary McAllister as his assistant at Ibrox, and was glowing with praise for his new No.2 in his first press conference at Ibrox.
"I can say who my number two is going to be. Well my assistant, I don't like to call him my number two as he's just as important as me and that will be Gary McAllister," Gerrard revealed.
"He's a long-time friend of mine. I played alongside Gary at Liverpool and stayed in touch since. I have huge respect for Gary and he ticks the box where maybe I'm not the most experienced manager sitting here right now but he's been in the game for a very long time and as a partnership I feel that will be very strong.
"He will be a rock and a very big support and as soon as I asked him it was a yes straight away."
"I learned so much from Gary and I couldn't ask for anyone better to take on this challenge with me. The contract starts on June 1, hopefully there are some positive results to come in the short term. You've got to come to work with a smile on your face."
Celtic boss Brendan Rodgers expressed his delight at the prospect of coming up against Gerrard next season.
Rodgers' side are going for an unprecedented successive treble and are unbeaten in 11 games against the Gers during a current spell of Old Firm domination.
Speaking at Lennoxtown ahead of the trip to play Hearts at Tynecastle on Sunday, the Northern Irishman said: "I haven't spoken to him, I left him be when I saw he was linked with it, he will obviously have his own thoughts on it.
"So I have let him be. But I am delighted for him because he has obviously had an incredible playing career, wanted to manage, wanted to coach and now he gets the opportunity to do that."