Kenny Jackett has been appointed as the new head coach of Wolves on an undisclosed contract.
The 51-year old, who
recently resigned as Millwall boss,
who was sacked by the League One-bound club earlier this month.
Jackett led Millwall to
an FA Cup semi-final this season,
and will be looking to arrest the decline at Molineux after two successive relegations.
Wolves have paid the Lions compensation for Jackett's services.
Kenny Jackett factfile
- Born 5 January 1962 in Watford
- Spent his entire playing career with hometown club Watford before a knee injury forced him to retire at the age of 28
- Went into coaching with the Hornets before succeeding Graham Taylor as head coach in 1996
- After one season in charge was demoted to assistant manager to Taylor
- Left Watford in 2001 and after a spell as QPR assistant became Swansea manager in 2004, and achieved promotion from League Two in his first full season
- Left Swansea in 2007 by mutual consent before taking over at Millwall
- Guided the Lions to promotion to the Championship with a 1-0 play-off final victory over Swindon
- Left the club after six years in charge in May 2013
"I am both proud and delighted to have been appointed head coach at Wolves, and am really looking forward to the challenge ahead," said the former Wales international.
Jackett takes over a Wolves side who will be playing in the third tier for the first time since 1989.
He becomes Wolves' fifth permanent boss in 16 months.
Mick McCarthy was sacked in February 2012,
with the club struggling in the Premier League relegation zone, and his successor and former assistant Terry Connor left after they dropped into the Championship.
Connor was replaced by
in the summer, but the Norwegian was
sacked with the club sitting 18th in the Championship.
Saunders arrived from Doncaster in January,
but the Welshman took 10 matches to earn his first win and the club were eventually relegated, after finishing in 23rd place.
This leaves Jackett with the task of attempting to get promotion back to the Championship, a feat he achieved as Millwall boss in 2010.
Jackett had spells as manager of Watford and Swansea before moving on to the Lions, but he left his post at The Den after six years in charge, stating that he felt the time was "right for a new challenge".