Michel takes Olympiakos job
The team said that the former Sevilla coach will be officially presented on Monday.
He reportedly signed an 18-month deal bringing him €1 million annually.
Michel, 50, replaces interim coach Antonis Nikopolidis who sat in for a month following the firing of Leonardo Jardim.
Nikopolidis has been appointed Michel's assistant coach, a post he also held with Jardim.