"The Paraguayan Football Association...have successfully concluded the negotiations with Eduardo Berizzo, who becomes the new coach," read a statement on the APF website.

Berizzo, who was sacked by Bilbao in December, has previous experience on the international stage having been Chile's assistant manager from 2007 to 2010.

The 49-year-old will be unveiled on Friday when details of his backroom staff will be confirmed.

His first games in charge will be next month, with Paraguay scheduled to play friendlies against Peru and Mexico, ahead of the Copa America in June.

Paraguay have been drawn in Group B for the tournament, along with Argentina, Colombia and Qatar.

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