The Edmonton Oilers have hired longtime Detroit Red Wings executive Ken Holland as their new general manager, according to TSN's Ryan Rishaug. An official announcement is expected within the next few days.

Holland, who will take over from interim GM Keith Gretzky, will have full autonomy with regard to hockey operations, TSN's Darren Dreger reports.

Edmonton held extensive interviews for its GM vacancy and ultimately set its sights on Holland, who will reportedly sign a five-year deal worth $5 million per season.

Holland reached great heights running the Red Wings; Detroit won three Stanley Cups during his tenure, missing the playoffs just three times in 22 years. He signed a two-year extension in 2018, but the organization brought in Steve Yzerman as its new GM and executive vice president on April 19.

The 63-year-old will face immediate pressure to right the ship in Edmonton, as the Oilers - despite Connor McDavid's brilliance - have missed the playoffs in back-to-back seasons.