Th 47-year-old has signed a two-year deal to become Carlo Ancelotti's successor at Parc des Princes on the same day the Italian is named as Real Madrid's new trainer
On the same day that former boss Carlo Ancelotti was named as Jose Mourinho's successor at Real Madrid, the Ligue 1 champions have agreed a two-year deal with the 47-year-old.
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"He will take charge of the squad on July 1, 2013, for the start of pre-season training."
The appointment signals the end to a saga at Parc des Princes, with Tottenham boss Andre Villas-Boas and Russia manager Fabio Capello previously rejecting the role.
Former Barcelona coach Frank Rijkaard then voiced his lack of interest in the position before club president, Nasser al-Khelaifi, changed his sights to Blanc.
Following a highly successful 20-year playing career - which including World Cup and European Championship winners' medals - Blanc won a league and cup double in his second season in charge of Bordeaux.
Blanc took charge of France 12 months later, guiding les Bleus through Euro 2012 qualification and an eventual quarter-final exit to tournament winners Spain before stepping down from the role.