The veteran had also taken over from Eusebio Di Francesco as caretaker manager of Roma in March.
Di Francesco terminated his contract with Samp by mutual consent after six defeats in the opening seven Serie A rounds, but first choices Stefano Pioli and Gennaro Gattuso turned down the job.
Ranieri has accepted a two-year contract, although there is reportedly an option to terminate early if the Blucerchiati are relegated to Serie B.
In another twist of fate, his debut match on the Sampdoria bench will be against Roma on Sunday October 20 – Ranieri’s 68th birthday.
This represents the 17th club of Ranieri’s management career, with the addition of a short stint as Coach of the Greece national team for four games in 2014.
He previously worked at Vigor Lamezia, Puteolana, Cagliari, Napoli, Fiorentina, Valencia (twice), Atletico Madrid, Chelsea, Parma, Juventus, Roma (twice), Inter, Monaco, Greece, Leicester City, Nantes and Fulham.
Ranieri has 393 Serie A games under his belt, resulting in 169 victories, 126 draws and 98 defeats.
His trophy cabinet has the 2015-16 Premier League with Leicester City, Valencia took the European Super Cup in 2004 and Copa del Rey in 1999, plus the 1995-96 Coppa Italia and 96-97 Italian Super Cup with Fiorentina.
Looking further back, his Cagliari won the 1988-89 Coppa Italia Serie C.
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