Giggs is excitedpublished at 14:03 Greenwich Mean Time 15 January 2018
New Wales manager Ryan Giggs said: "I'd like to thank the FAW for this opportunity. I'm tremendously proud and excited. I can't wait to get going."
Ryan Giggs is new Wales manager
Paul Lambert is new Stoke City boss
Ex-England & West Brom striker Cyrille Regis dies aged 59
Liverpool end Man City's unbeaten run
Man Utd v Stoke City (20:00 GMT)
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Craig Lowe
New Wales manager Ryan Giggs said: "I'd like to thank the FAW for this opportunity. I'm tremendously proud and excited. I can't wait to get going."
Stand by for updates of what the new Wales manager has to say or watch it live at the top of this page.
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Cyrille Regis was the big No9 in the best Albion team I've ever seen, can't believe he's gone, R.I.P. BIG MAN.
Pete Causer.
Dafydd Pritchard
BBC Sport Wales
Hensol Castle is as busy as it's ever been for Ryan Giggs' unveiling as Wales manager.
There's a larger media presence today than there was even for Wales' Euro 2016 squad announcement.
In fact, this place probably only houses more people when it's used as a wedding venue. What are the chances of Giggs entering the room with a tie around his head?
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Daily Mirror football writer Darren Lewis says Regis was a "footballing inspiration".
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James Mutch: There is some positivity to Paul Lambert... as a Scotsman I’m thankful this puts him out the running for Scotland manager! But I suppose negative things were said about Hodgson when he got the Palace job, so you never know.
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Cyrille Regis was my earliest memory of football, even being far too young to have seen him in action, I grew up a baggie with my dad showing me highlights of yesteryear at the club. The 3 degrees were always captivating and Regis stood out to me in particular. I woke to find out of his passing and shared my dad’s tears. He epitomised what it means to be a Baggie, a true legend and pioneer for the game.
James from Newark
Former Wales and Manchester United midfielder Mickey Thomas believes the Welsh public should get behind their new manager.
"He deserves a chance. He's played 64 times for his country," Thomas told BBC Sport Wales.
"I think the experience he's gained from playing at one of the biggest clubs in the world - why not give him the opportunity?
"I'm disappointed that we're even arguing about Ryan Giggs, whether fans want him or not."
Michael Pearlman
BBC Wales Sport
The Football Association of Wales are using Hensol Castle to unveil their new manager.
It is described online as a 'fairytale venue.'
Wales will hope this appointment is the start of their own fairytale, even though some fans are treating Giggs as more like an ogre than the handsome prince.
The media conference is due to get underway at around 14:00 GMT and you'll be able to watch it at the top of this page.
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Interesting: So previous Manchester United interim manager (4 games) Ryan Giggs is appointed by the FAW as national team manager - only in the unreal world of football
T: Who's the new Wales #2? He'll be taking charge of all the friendlies which Ryan Giggs will obviously miss.
First Lambert and now Giggs - where is the positivity today people?
Liverpool 4-3 Man City
Alan Shearer and Danny Murphy were impressed with events at Anfield.
You can watch their Match of the Day 2 analysis below.
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The Daily Mail's Ian Herbert reflects on the racist abuse Regis had to endure and how he handled it.
According to Herbert, Regis said: "Thank God we knew who we were."
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Hiring lambert is beyond a joke and the board have just signed the end of our time in the PL, it’s 1997 all over again
Tom L
What did Stoke fans except? It's hardly the dream job for Lambert either...
Craig M
In a statement, the Football Association of Wales (FAW) say they are "delighted" to announce the appointment of Ryan Giggs on a four-year contract.
Giggs said: “I am so proud to have been given the honour of managing the National Team. The challenges that we have ahead of us with the Nations League and qualification for Uefa Euro 2020 excite me a great deal.
“I can’t wait to start working with the players as we prepare for those crucial games later in the year.”
Giggs’ first game in charge will be in the 2018 China Cup against the hosts on 22 March in Nanning.
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Giggs has signed a four-year contract and takes over from Chris Coleman, who led Wales to the Euro 2016 semi-finals but left in November to take over at Sunderland.
Giggs won 64 caps between 1991 and 2007 but was unpopular with some Wales fans for missing many friendlies.
The former winger ended his playing career in 2014 and was Louis van Gaal's assistant at Old Trafford for the following two seasons before leaving United in 2016 after Jose Mourinho was appointed as manager.
What do you think? Is it a good appointment? Let us know?
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Ross Quinn: Wales are now a laughing stock. To blame Ferguson as well is weak, if the country meant anything he'd ignore him. At least Bellamy and Roberts loved their country but Wales just seem to be going a-list. How any player will respect such a character is beyond me?
Former Manchester United defender Clayton Blackmore has told BBC Sport Wales that it was Sir Alex Ferguson, not Ryan Giggs, who was responsible for Giggs missing so many Wales friendlies.
"I need to put something to rest that everybody is going on about, 'he didn't turn up for friendlies," Blackmore said.
"He didn't have much choice with that."
Blackmore insists that Giggs, a teammate of his at United between 1990-94, is a proud Welshman who missed friendlies on the insistence of his manager.
In true social media style, the FAW have released a video to announce Ryan Giggs is their new manager.
You can watch it by clicking the link below.
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Ryan Giggs is the new manager of Wales, the Football Association of Wales has announced.
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baggiegav: So sad to wake up to this news #RIPCyrilleRegis - My childhood sporting hero and a true gent. i remember sending Cyrille a 21st birthday card in 1979 and him replying with a handwritten thank you letter with signed photo.