Milicic and Olsen arrive following an exhaustive recruitment process by football manager John Didulica and head coach John van 't Schip.

"I am excited to be working alongside Ante and Jesper," said van't Schip. "They bring qualities to the table, which are important to build a successful football club, and will help us into the future.

"Ante's knowledge of youth football, development and the A-League will prove important, while Jesper's experience in the Dutch system will reinforce the football style and philosophy I hope to integrate."

Milicic recently returned from Egypt following a stint as assistant to Young Socceroos boss Jan Versleijen at the U20 World Cup,and won the 2009 New South Wales Premier League Coach of the Year award after guiding Sydney United to the minor premiership.

Milicic was also awarded  the Johnny Warren Medal as the National Soccer League's 2003 Player of the Year, and earned six caps with the Socceroos.

The 35-year-old also completed stints in the Dutch Eredivisie and Croatian First Division before returning to Australia and becoming the first player to score a hat trick in A-League history.

Milicic gained A-League experience after spending three seasons with Newcastle Jets and Brisbane Roar, and will provide valuable insight and intimate knowledge of the competition.

A veteran of two European Championships, Olsen's signing marks the Dane's first coaching appointment after spending half a decade developing and identifying talent through his own academy in Australia and Europe.

Olsen boasts an impeccable football pedigree, having played under the likes of Sir Alex Ferguson and French World Cup winning coach Aime Jacquet, and alongside Dutch legend Johan Cruyff, during an 11-year career as a professional in Europe.

Earning 46 caps for Denmark, Olsen played for Manchester United, Ajax and Bordeaux to confirm his phenomenal ability, finishing in the top 10 of the 1983 European Footballer of the Year award, ahead of Bryan Robson and Ian Rush.

However, the crowning glory of Olsen's playing career came as a member of Denmark's 1986 World Cup side, which delighted the globe with its free-flowing brand of attacking football as it reached the Round of 16, scoring against superpowers Germany, Spain and Uruguay.

Olsen's experience in the sport's upper echelon and understanding of Dutch football and the Ajax philosophy further enhances the Heart Syndicate's ambition to develop into one of the nation's premier football institutions.

Heart Syndicate Chief Executive Officer Scott Munn added: "Melbourne Heart Syndicate has deliberately set out to build a coaching panel that is capable of delivering exciting football, encouraging both devotees of the game as well as newcomers to the sport to get on board and support our team"