The 46-year-old will start a three-year contract taking after his nation's cooperation in Euro 2016.
"I am pleased to be the mentor of the national group of my nation and just a part as appealing as director of Chelsea could take after that," he said.Guus Hiddink, who supplanted the sacked Jose Mourinho, will stay accountable for the Blues until the end of the season.
Conte is the fifth Italian to oversee Chelsea, taking after Gianluca Vialli, Claudio Ranieri, Carlo Ancelotti and Roberto Di Matteo.
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