Inter said on its website Thursday that Ranieri signed a two-year contract.

Inter announced Gasperini’s removal Wednesday, a day after a humiliating 3-1 loss to newly promoted Novara. That left Inter with one point from three Serie A games and winless under Gasperini.

Ranieri has previously managed Chelsea, Juventus and—most recently—Roma. Ranieri had been working as a commentator for RAI, Italian state TV.

The 2010 Italian champions lost 1-0 to Turkish side Trabzonspor in the Champions League last week, and were beaten by AC Milan in the Italian Super Cup last month to begin Gasperini’s short reign.