Wolfsburg are currently in fourteenth place on the Bundesliga table.
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It is unclear how long the new head coach's contract is - but VfL describes it as a long-term deal.
Furthermore, Wolfsburg announces that Hasenhttl will be officially presented, with an accompanying press conference, on Monday.
The Austrian has been without a club since being sacked by Southampton, who were then playing in the Premier League, in November 2022.
Hasenhttl has previously also been head coach of RB Leipzig.