More LIVE Spanish football tonight as Atl Madrid play Valladolid while Mallorca host Real Madrid. Click here for the latest betting!

Mixu Paatelainen has been appointed as the new Hibernian manager after the Scottish club agreed compensation with TPS Turku.

The Finn returns to the club for a third time, having had two spells as a player with Hibs.

“I am very happy to take up this opportunity,” Paatelainen, 40, told the club website. “Everyone knows of my great affection for this club.

“I believe my desire to see exciting, attacking and intelligent football fits well with the club’s philosophy.”

Hibs have been looking for a new manager since John Collins resigned last month.

“I will bring energy, hard-work and leadership to the squad,” added the man who won 70 caps for Finland.

“I am also committed to working with players, as individuals and groups, to help them to improve.

“If I can help one player improve, the team is better. If I can help all players improve, we are much better.”

He began coaching at youth level during his second spell at Hibs and moved on to first-team duties with St Johnstone and St Mirren.

Hibs chairman Rod Petrie said: “We are delighted Mixu has agreed to take up the challenge and opportunity of managing Hibernian.

“We are convinced that he was the strongest candidate, and he impressed us a great deal during his interview.

“He has a clear vision of the type of football he wants to play, has strong ideas on man-management, and demonstrates excellent leadership qualities.

“I am sure he will further enhance his growing reputation.”

More LIVE Spanish football tonight as Atl Madrid play Valladolid while Mallorca host Real Madrid. Click here for the latest betting!