He left the Blues in the bottom three of the Premier League after a heavy summer spending spree and a poor start to the campaign domestically and in Europe.
But Koeman won't be going to Russia in the summer. Holland, who failed to qualify for Euro 2016, will also miss out on this years World Cup Finals in Russia. They finished third in their qualification group behind France and Sweden; Dick Advocaat's contract was not renewed by the KNVB as a result.
Ronald Koeman's first game in charge will be against England in Amsterdam on 23 March 2018.