Russia boss Dick Advocaat has been appointed head coach of PSV Eindhoven on a one-year deal.
Advocaat, who will step down as Russia coach after Euro 2012, will take up his post with PSV from July 1 onwards. Advocaat returns to the club he coached between 1995 and 1998, having led them to the league title during the 1996-97 season.
"PSV wanted to attract an elite coach in Dick Advocaat and he was enthusiastic about joining PSV," technical director Marcel Brands said on the club's official website. "His decision to join PSV, despite very lucrative financial offers from Russia, strengthens our confidence in this cooperation.
"He knows the club from a previous spell here and sees great potential in the squad of players. Advocaat is also looking forward to working with a number of young assistants, who also had a successful past as a player under him at PSV."
PSV have been without a full-time coach since sacking Fred Rutten in March.
Assistants Phillip Cocu and Ernst Faber were placed in charge until the end of the season and guided PSV to a third-placed finish in the league plus victory in the KNVB Beker final over Heracles Almelo.
Reports in the Netherlands suggest Advocaat's arrival will help pave the way for either Cocu or Faber to take over permanently once his contract has ended.