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The 45-year-old, currently in charge at Bayern Munich, will replace Manuel Pellegrini, who will leave on 30 June.
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Pep Guardiola has been appointed the new manager at Englsih side Manchester City for next season on a three-year deal.
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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".
More to follow.
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