Pep Guardiola to Succeed Manuel Pellegrini as new Manchester City boss this summer

Manchester City have confirmed Pep Guardiola will succeed Manuel Pellegrini as manager this summer.

Guardiola will take over at the Etihad Stadium on a three-year deal with Pellegrini set to officially depart on June 30.

A statement issued by the club said: "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.

A statement from City said Chilean Pellegrini, 62, was "fully supportive" of the decision.

The Premier League club also revealed that negotiations with Guardiola had been "a re-commencement of discussions that were curtailed in 2012".

Pellegrini was appointed at the Etihad in 2013 and led the club to the Premier League and League Cup double the following season.