The former AC Milan striker, who won the 2004 Ballon d’Or after helping the Rossoneri to Serie A and Champions League triumphs, signed a contract with Genoa till 2024.
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The 45-year-old led Ukraine to the Euro 2020 quarterfinals for the first time this year, where they were eliminated by England in Rome.
Genoa are currently 18th in Serie A after 12 games, having picked up one win all season.
Shevchenko, who retired from playing in 2012, is Ukraine’s all-time record goalscorer with 48 goals in 111 games.
His deal with Genoa would be his first managerial role at club level.
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