The Brazil Football Federation (CBF) have announced Carlo Ancelotti will become the new manager of the national team on May 26.
Ancelotti's future at Real Madrid had come under increasing scrutiny in recent weeks following Los Blancos' elimination in the UEFA Champions League and their deteriorating form in La Liga.
Despite being under contract until 2026, the decorated Italian will now leave Real Madrid at the end of the current season and inherit the managerial reins of the Brazil national team.
It's understood that Ancelotti will be contracted until the end of the 2026 World Cup.
Currently fourth in the CONMBEOL World Cup qualifying standings, Brazil require a maximum of six points from their remaining four matches to secure their spot in the 2026 tournament.
Brazil have been without a head coach since Dorival Junior was fired in March following a humiliating defeat to rivals Argentina.
The appointment of Ancelotti will no doubt raise expectations of what Brazil can achieve as they seek their first World Cup success since 2002.
In Qatar, the Selecao disappointingly bowed out to Croatia on penalties in the quarter-finals, while their showing at the 2024 Copa America left plenty to be desired as they fell at the final eight stage against Uruguay.
Ancelotti's record speaks for itself and the former Chelsea, Bayern Munich and Paris Saint-Germain head coach wrote himself into the history books last year as he guided Real Madrid to a 15th UEFA Champions League success.
He is already familiar with several key members of Brazil's squad, including the talismanic Vinicius Jr and Rodrygo, who have both been integral parts to his success in Madrid.
Ancelotti's successor is set to be Xabi Alonso, who announced on Friday he will be departing Bayer Leverkusen upon conclusion of the current campaign.
Alonso has emerged as one of Europe's most coveted managers following an illustrious stint with the German outfit which saw them achieve an unprecedented unbeaten Bundesliga season whilst on their way to a maiden league title.
The 43-year-old Spaniard is set to sign a three-year deal on his return to the Santiago Bernabeu, where he spent five years and made over 200 appearances as a player.