Liverpool have confirmed the appointment of former Fulham boss Roy Hodgson as their new manager.
The 62-year-old has signed a three-year deal at Anfield to replace Rafa Benitez following the Spaniard's departure last month.
Hodgson ,who has been touted a possible successor to Fabio Capello should the Italian leave his role with England, has been Liverpool's top target for some time and they have now finally got their man after agreeing a compensation package with Fulham.
Hodgson's stock has risen sharply since guiding Fulham to the final of the Europa League last season and he was named manager of the year by the League Managers Association in 2009/10.
The former Inter Milan and Blackburn boss is relishing the prospect of taking over at Liverpool describing the job as the 'biggest in club football'.
"This is the biggest job in club football and I'm honoured to be taking on the role of manager of Britain's most successful football club," Hodgson told the club's official website.
"I look forward to meeting the players and the supporters and getting down to work at Melwood.
"I am both proud and excited at the prospect of working as the Liverpool manager.
"I don't think there are many jobs that would have tempted me away from Fulham, to be perfectly honest.
"I had such a good relationship with the chairman and the chief executive, the players were magnificent to work with and everything was as good as it gets, but on the other hand when there was a chance that Liverpool wanted me, and they asked to speak to me, I asked the chairman for permission.
"He wasn't too happy to give it but fortunately for me this job came about and I am really happy to be here.
"It'd be foolish to compare but it'd also be dishonest to say anything other than it's going to be a highlight of my career.
"I have worked long and hard to reach the level I have reached."
He is likely to be joined at Anfield by his trusted assistant Mike Kelly, although Sammy Lee - brought in by Benitez because of his coaching credentials and links to the club's successful past - is expected to be given a role somewhere in the new set-up.