Martin Jol has snubbed Sunderland to take over at Ajax.
The former Tottenham manager was appointed Hamburg coach last summer and led the club to a fifth-place finish - and a Europa League spot - in the Bundesliga.
The Dutch outfit have confirmed the 53-year-old will succeed Marcovan Basten, who resigned with one game of the season remaining aftermissing out on a Champions League spot.
'Ajax, Hamburg and MartinJol have agreed the transfer of Jol to Ajax. Jol has signed a contractfor three seasons with Ajax,' read a club statement.
'Martin Jol is head coach of the Ajax first team and in that capacity also responsible for other football matters such as the buying and selling policy, scouting and youth set-up. Jol will report directly to chief executive Rik van den Boog.'
Jol, who last worked in Holland with RKC Waalwijk before moving
to Tottenham to take up the role of assistant to head coach Jacques Santini in 2004, is relishing a return to his homeland.
He said: 'Ajax gives me a great opportunity, with an eye for the long term. I get a very wide array of responsibilities. Ajax is a fantastic club and I very much want to get started.
'I enjoyed my stay at HSV. It's a great club and Hamburg is a nice city to live and work in. I have in recent years worked abroad and once again return to the Netherlands, so I very much look forward to this.'