Ruud van Nistelrooy will succeed Roger Schmidt as PSV boss from the start of next season, the Eredivisie heavyweights have announced.
The 45-year-old has previously spent time coaching PSV's Under-19s and their reserves, while also gaining further experience working as a first-team assistant coach.
Van Nistelrooy was part of the Netherlands' coaching set-up between 2014 and 2016 and again alongside Frank de Boer at Euro 2020.
He will now take on his first senior managerial role with PSV, whom he represented during a playing career that also saw him star for Manchester United and Real Madrid.
PSV, who announced last month that Schmidt will not be signing a new deal after two full seasons in charge, confirmed the news on their official website on Wednesday.
Van Nistelrooy, under contract at Philips Stadion until 2025, said he is fulfilling a life-long ambition of his to manage the 24-time Dutch champions.
"It has always been my dream to be head coach at PSV," he said. "I've worked intensively with Toon Gerbrands, PSV's current general manager, the past few seasons.
"I was convinced I could pursue a professional coaching career and originally thought I needed one more year to gain experience.
"But sometimes things do go their way and you find out that life is not completely manageable. This is the right moment to take the next step.
"The appointment of Marcel Brands as PSV's general manager and the conversation we've had were the final push I needed to make a conscious choice and take this step.
"PSV are ready to embark on a new path this summer and I am ready to play my part.
"Talks with the board of directors have reinforced the idea that we are ambitious and look to create something special in the long term. I am excited for the task in hand at PSV."
Van Nistelrooy scored 35 goals in 70 games for the Netherlands and 62 goals in the 67 matches for PSV between 1998 and 2001.
He went on to spend five years with United and four years at Madrid, before concluding his playing career with short stints at Hamburg and Malaga.
After embarking on a coaching career in 2014, PSV director John de Jong believes Van Nistelrooy is ready to make the step into senior management.
"All of us, including Marcel Brands, who will be PSV's new general manager this summer, have great confidence in his abilities," De Jong said.
"He is a strong, inspirational leader and his commitment and work ethic will be second to none.
"Van Nistelrooy has gained valuable experience within the PSV organisation but also with the national team and we are highly confident he is ready for his first senior role."
PSV, who are two points behind Ajax with seven Eredivisie games to go, also confirmed they intend to add to Van Nistelrooy's coaching staff in the coming months.
Bologna 3-3 Juventus: Bianconeri hit back in Motta's job interview
Juventus scored three goals in eight minutes to complete a remarkable comeback and secure a 3-3 draw against Serie A's surprise package Bologna on Monday.
The Bianconeri, who sacked Massimiliano Allegri last week, endured a nightmare start as Riccardo Calafiori and Santiago Castro propelled hosts Bologna into a 2-0 lead within 11 minutes.
Matters got worse for Bianconeri interim boss Paolo Montero when Calafiori struck again eight minutes into the second half to put Bologna, coached by reported Juve target Thiago Motta, into a 3-0 lead, with the defender chipping the ball over goalkeeper Wojciech Szczesny.
Yet Federico Chiesa's 76th-minute effort kickstarted a stunning turnaround, with Arkadiusz Milik's free-kick soon after teeing up a grandstand finale.
Kenan Yildiz was the player who sealed the draw, as Juve hit back against their potential next coach.
The result left third-placed Bologna level on 68 points with Juve in fourth before the final matchday.
Data Debrief: Three down? No problems
For the first time in their history, Juve avoided defeat in a Serie A game in which they had been at least three goals behind.
Chiesa was key to their comeback. Bologna are the team that the Italy international has scored the most league goals against in his career (seven in 11 matches).
Liverpool offer 'difficult to ignore', says Klopp's replacement Slot
Arne Slot said it was "not an easy decision" to leave Feyenoord, but ultimately he could not turn down the Liverpool job.
Liverpool finally confirmed Slot as Jurgen Klopp's successor on Monday.
Klopp signed off on his nine-year tenure in charge of Liverpool with a 2-0 win over Wolves on Sunday.
The German started an "Arne Slot" chant during his leaving speech at Anfield, and a day later, the Reds officially announced the 45-year-old Dutchman's appointment, subject to a work permit.
Slot led Feyenoord to the Eredivisie title during his time in charge, as well as the KNVB Beker, while they also reached the Europa Conference League final in 2022.
Speaking to Feyenoord's official website, Slot said: "It is certainly not an easy decision to close the door behind you at a club where you have experienced so many wonderful moments and worked successfully with so many wonderful people.
"But as a sportsman, an opportunity to become a head coach in the Premier League, at one of the biggest clubs in the world, is difficult to ignore.
"At the same time, we understand very well that working at a club like Liverpool is a special and unique opportunity for him. With that in mind, we started the conversation to see if we could find a solution together, and in the end we succeeded."
Feyenoord beat Excelsior in Feyenoord's final match in charge on Sunday.
Hojlund form gives Man Utd 'luxury problem' for FA Cup final, says Ten Hag
Rasmus Hojlund's return to form presents a "luxury problem" for Manchester United ahead of this weekend's FA Cup final against Manchester City, says Erik ten Hag.
Hojlund came off the bench to score United's second goal as they rounded off their Premier League campaign with a 2-0 win over Brighton and Hove Albion on Sunday, having also netted in last week's 3-2 victory over Newcastle United.
He finished his debut Premier League season with 10 goals, becoming the youngest player to reach double figures in 2023-24 (21 years, 105 days old as of Sunday).
Hojlund has battled injury problems and dips in form throughout the campaign, and in his absence, Ten Hag has often opted to deploy Bruno Fernandes as a false nine.
The Portugal international started United's last two matches in that position, and Ten Hag says he has plenty to think about as he prepares to name his cup final lineup.
"It is not a dilemma, it is a luxury problem," Ten Hag said.
"I think both formations can be a success because, as you know, we can play with the set-up from the Etihad, where we were a threat with Bruno's movement in behind.
"With Rasmus Hojlund in behind and in form, it is absolutely something we have to consider.
"Let's have a thought, but let's not say we only need 11 players. In a tough final, you need a bench as well."
Hojlund failed to score in his first 15 Premier League matches before ending his drought against Aston Villa on Boxing Day, though he did score five times in United's unsuccessful Champions League campaign before Christmas.
He has 16 goals across all competitions this term, which Ten Hag sees as a good effort when taking his fitness problems into account.
"It could always be better, but don't forget he had three injuries this season," Ten Hag said.
"He came in with an injury and missed the start, then he got injured before winter, and then got another injury after winter.
"Every time that has broken his rhythm. If you score 16 goals for a first season, it is okay, and remember it is also not over. We have the final too."
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