Jan. 26 (UPI) -- Chelsea has hired former Paris Saint-Germain coach Thomas Tuchel as their new manager, the club announced Tuesday.
Tuchel, who agreed to an 18-month contract, replaces former Chelsea manager Frank Lampard, who was fired Monday after a 19-month tenure at Stamford Bridge.
"I would like to thank Chelsea FC for their confidence in me and my staff," Tuchel said in a statement Tuesday. "We all have the greatest respect for Frank Lampard's work and the legacy he created at Chelsea. At the same time, I cannot wait to meet my new team and compete in the most exciting league in football.
"I am grateful to now be part of the Chelsea family -- it feels amazing!"
Lampard was terminated after a string of losses that resulted in Chelsea dropping from first place in the Premier League table to ninth. He posted a 44-17-23 record in almost two seasons with the club.
The 47-year-old Tuchel has been out of a job since being fired by PSG in December. He was replaced by former Tottenham Hotspur boss Mauricio Pochettino.
During his time in Paris, Tuchel won the Ligue 1 title in his first season before earning a domestic Treble in his second year. He also guided the club to its first Champions League final.
"It is never easy to change head coach in the middle of the season but we are very happy to secure one of Europe's best coaches in Thomas Tuchel," Chelsea director Marina Granovskaia said. "There is still much to play for and much to achieve, this season and beyond. We welcome Thomas to the club."
Tuchel will be with Chelsea as the team returns to league action Wednesday against the host Wolves.