The 48-year-old returns to the Foxes having signed a contract that lasts until the end of the 2013/2014 season, replacing the sacked Sven-Goran Eriksson, after a compensation package was agreed with npower Championship rivals Hull.

He will be joined at the King Power Stadium by assistant managers Craig Shakespeare and Steve Walsh.

During his last spell, Pearson steered Leicester to the League One title in 2009 before they reached the 2010 Championship play-off semi-finals, losing to Cardiff on penalties.

But Pearson, who quit for Hull in June 2010, made it clear he wanted to return to the Foxes despite also turning around the fortunes of the Yorkshire club.

Pearson told the club`s official website, "Craig, Steve and I are all extremely excited to be rejoining Leicester City, working with the players and working closely with the board of directors to achieve the club's aspirations."

Vice-chairman Aiyawatt Raksriaksorn added: "We are very pleased to have secured the services of Nigel, Craig and Steve and we are sure they are the men to lead this club forward.

"Nigel is very well respected within the game and he and his team have the knowledge of this division and the ability to motivate the players, staff and supporters.

"They achieved a great deal during their last spell at the club, rescuing Leicester City from its lowest position and coming so close to a place in the Premier League.

"We are sure that this time around, with everyone's support and endeavour, they can take us one step further."

Pearson will take charge of training for the first time tomorrow before being introduced to the media at a press conference at the King Power Stadium.