The 46-year-old will begin a three-year contract following his country’s participation in Euro 2016.
“I am proud to be the coach of the national team of my country and only a role as attractive as manager of Chelsea could follow that,” he said.
Guus Hiddink, who replaced the sacked Jose Mourinho, will remain in charge of the Blues until the end of the season.
Conte is the fifth Italian to manage Chelsea, following Gianluca Vialli, Claudio Ranieri, Carlo Ancelotti and Roberto Di Matteo.
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