The Austrian, who last managed German side Frankfurt from 2021 until 2023 has signed a deal with the Eagles until the end of the 2025/26 season.
Glasner had success in Germany, taking Frankfurt to their first European trophy in over 40 years by winning the Europa League in 2022 - beating Rangers on penalties in the final as well as knocking out Barcelona on their way to the trophy.
He previously managed Austrian teams SV Ried, where he also made more than 550 appearances and won two cups as a player; as well as LASK.
The Austrian won plaudits for his two seasons at VfL Wolfsburg as well, earning the third-highest points total in the club’s history and securing Champions League qualification with a top-four finish.
His success both domestically and in Europe bodes well for Palace fans looking for a change in their side's current trajectory.
Speaking upon his arrival at the club, Glasner said he was delighted to get started.
“I am very happy to join Crystal Palace F.C. as manager. I am looking forward to working with the talented squad, meeting the club’s supporters and experiencing the Selhurst Park atmosphere I have heard so much about.," Glasner said.
It has been a pleasure to meet with Steve and Dougie, and I am looking forward to working with them to achieve our goals.”
Chairman Steve Parish added that he was looking forward to working with the new manager and that his reputation signals exciting times for the London side.
“I’m delighted to welcome Oliver to the club. He has an outstanding record, and we believe he is the right manager to take the club forward at this pivotal stage," Parish said.
“Wherever Oliver has gone so far in his managerial journey, success has been quick to follow, and we believe his ambition, as well as his exciting and attacking approach, is the perfect fit for getting the most from our talented young squad in the remainder of this Premier League season and beyond.”
Glasner will miss Monday evening's match against Everton, but will take charge of their crucial tie against Burnley on Saturday, February 24th.