The Northern Irishman who won two straight Premiership titles for Celtic replaces Claude Puel who was sacked on Sunday, less than 24 hours after a disappointing 4-1 defeat at the hands of Crystal Palace.
Rodgers' backroom staff are Glen Driscoll, Chris Davies, and former Manchester City and Liverpool defender Kolo Toure.
Speaking at a press conference this evening, Rodgers said: 'I'm very privileged and honoured to be here as Leicester City manager and I'll give my life to make the supporters proud of their club.
'Together, we'll be stronger and I'm looking forward to working with the players, staff and supporters to make the right steps forward.'
Leicester City vice chairman, Aiyawatt Srivaddhanaprabha, said: 'I'm absolutely delighted to bring a manager of Brendan's calibre to Leicester City and I look forward to seeing what he, our talented, young squad and our dedicated, skilled team of staff can achieve together.
'As projects, including the development of our new training ground and the proposed expansion of King Power Stadium continue to take shape, and as a young squad of great potential begins to mature, Brendan and his colleagues arrive at an exciting time for Leicester City.
'We're continuing to grow as a club and I am anticipating that Brendan's coaching methods, knowledge and experience can enhance our journey.'
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