The popular BT Sport pundit is the Glovers new boss, replacing Darren Sarll at Huish Park.
He has been a regular during the broadcaster’s National League coverage since leaving the Torquay United hotseat in 2015.
Now he is back in the dug-out after a number of years coaching and scouting at Bristol Rovers.
Hargreaves, who turned 50 last week, says he is excited about what's in store in Somerset.
“It feels fantastic to be here - I’m delighted to be at such a brilliant football club,” he told the club’s website.
“Yeovil Town has an immense fan base and a great history, I’m really looking forward to the challenge.”
A club statement confirmed: “Yeovil Town are delighted to announce that Chris Hargreaves has signed as our first team manager.
“Signing a two-year deal, Hargreaves arrives with a strong coaching pedigree, holding a UEFA PRO Licence and fifteen years experience in coaching roles.”
PHOTO BY PINNACLE