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Manchester: Pep Guardiola has been appointed the new manager at Manchester City F.C. from next season on a three-year deal, the Premier League confirmed on Monday. (Bayern Munich Kick Off Pep Guardiola's Swansong at Hamburg)

The former Barcelona manager, currently in charge at German outfit Bayern Munich, will replace Manuel Pellegrini, who will leave at the end of the season. (Guardiola Says Sorry to Premier League 'Colleagues')

"Manchester City can confirm that in recent weeks it has commenced and finalised contractual negotiations with Pep Guardiola to become MCFC head coach for the 2016/17 EPL season onwards," the club said in a statement.

"The contract is for three years. These negotiations were a re-commencement of discussions that were curtailed in 2012.

"Out of respect for Manuel Pellegrini and the players, the club wishes to make its decision public to remove the unnecessary burden of speculation.

"Manuel, who is fully supportive of the decision to make this communication, is entirely focused on achieving his targets for the season ahead and retains the respect and commitment of all involved with the leadership of the club."

Guardiola announced in December that he would leave current club Bayern Munich in May after three years at the helm, with an intention to coach in England next season.

The 45-year-old Guardiola notched up the treble of Champions League, German Cup and Bundesliga titles in 2013, but in the last two seasons, Bayern have exited the Champions League at the semi-final stage.

The ex-Spain international previously coached Barcelona from 2008-12, leading the Catalan giants to domestic and Champions League glory in a remarkable run of success.

The much-travelled Pellegrini, 62, signed for City in 2013, becoming the first Chilean to coach in the Premier League.