Former Liverpool and Real Madrid player Xabi Alonso has been named as Bayer Leverkusen's new coach, replacing Gerardo Seoane after he was dismissed by the Bundesliga club on Wednesday.

Leverkusen confirmed the departure of Seoane in the wake of Tuesday's 2-0 loss at Porto in the Champions League.

Alonso, 40, has signed a deal until June 2024. In his first coaching job at the top level, he takes over a team second from bottom after eight matches of the German season.

"I know Leverkusen as an excellent club from my time in Germany," said Alonso, who spent the final three years of his playing career with Bayern Munich.

"Bayer has always had great players, I also see a lot of quality in the current squad. This task excites me a lot," he indicated. 

As a player, Alonso won the 2010 World Cup and two European Championships with Spain. He also lifted the Champions League trophy with both Liverpool and Madrid.

The Spaniard managed Real Sociedad's reserve team in his home Basque region for three years until May, seeing them promoted to Spain's second tier for the first time in 60 years, before they were relegated at the end of last season.

Leverkusen Sporting Director Simon Rolfes considered that "with Xabi Alonso, we have signed a coach who was an absolute world-class professional as a player, an intelligent strategist and extremely successful in no less than three of the most demanding European leagues."

Alonso finished his career at Bayern in 2017, having won the Bundesliga in each of his three seasons there. 

He had previously been heavily linked with the coaching position at Borussia Moenchengladbach in March of 2021 but signed a one-year extension in Spain.

His first match in charge of Leverkusen will be against Schalke in the Bundesliga on Saturday.