2002 FIFA World Cup winning coach Luiz Felipe Scolari has been named the new boss at Brazilian Serie A giants Palmeiras.

The 69-year-old Brazilian tactician replaces former coach Roger Machado hours after he was fired on Thursday in the wake of Palmeiras’ 1-0 loss to Fluminense on Wednesday.

His appointment was confirmed by the Brazilian club who also disclosed that he has signed a two-year contract until 2020.

According to the club, the former Chelsea manager will officially take charge of the team by next week.

Luiz Felipe Scolari coached Palmeiras from 1997 to 2000 in his first spell and led them to their sole Copa Libertadores title in 1999.

After first Palmeiras reign, he took over the Brazilian national team and subsequently masterminded the 2002 World Cup triumph.

He returned to the club for his second spell from 2010 to 2012.

His last managerial appointment was at Chinese Super League outfit Guangzhou Evergrande from 2015 to 2017.

Scolari led the team to three successive Chinese league titles and also won the 2015 Asian Champions League for the club.