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Rafa Benitez has been announced as Everton's new boss and replaces Carlo Ancelotti.
The former Liverpool manager won the Champions League with Everton's bitter rivals and joins following a short period out of work after leaving Chinese Super League side Dalian Professional in January.
Benitez has been keen to return to the English top-flight ever since his time with Newcastle came to an end and moved into the Everton frame after the club missed out on former Wolves boss Nuno Espirito Santo.
Everton were rocked when Ancelotti announced he was leaving the club to return to Real Madrid earlier this month.
Blues chiefs immediately drew up a list of possible replacements and narrowed down the search to Nuno and Benitez before closing a deal with the Spaniard.
Rafa Benitez has been announced as Everton's new boss
A statement on Everton's official website reads: "Everton Football Club can confirm the appointment of Rafael Benitez as the Club’s new manager.
"The Spaniard joins the Club on a three-year deal and will commence work with the squad when they return to USM Finch Farm for pre-season training from 5 July.
"The appointment of Benitez comes after a robust and wide-reaching recruitment process by the Club over the past three weeks – a process which has included multiple interviews with several candidates.
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"Benitez has a hugely impressive track record with the clubs he has managed throughout his career, securing seven major honours including La Liga titles, the Coppa Italia, the FA Cup, the Europa League and the Champions League during managerial spells in Spain, England and Italy."
Upon his appointment, Benitez said: "I am delighted to be joining Everton. Throughout this process I have been greatly impressed by the ambition shown by the senior representatives at the Club and their desire to bring success to this historic Club.
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"I believe this is a Club that is going places. I’m determined to play a big part in helping this great Club achieve its ambitions."
Toffees owner Farhad Moshiri added: "Rafa impressed us greatly with his knowledge and experience but, above all, the passion and hunger he showed to join our Club.
"We are appointing Rafa because we believe he will bring success to our Club and to Evertonians. To put it simply – we need to be competing at the top-end of the league and to be winning trophies.
"Rafa is a proven winner with huge experience in coaching internationally and we have secured the best man to achieve that for us."
"Rafa Benitez is joining Everton Football Club at an exciting time. On behalf of the Board of Directors I wish him well in achieving success for our football club – success our supporters long for and deserve," added Everton chairman Bill Kenwright.
Everton also confirmed Duncan Ferguson and Alan Kelly will be a part of Benitez's backroom team, which will be added to in the coming days.