The Detroit Red Wings will announce the hiring of franchise legend Steve Yzerman as the club's next general manager at a press conference Friday, TSN's Gord Miller reports.

Yzerman, 53, spent the last eight years as the general manager and vice president of the Tampa Bay Lightning before resigning from the role in September of 2018 with one year remaining on his contract.

The Red Wings announced they will hold the press conference at 3:00 p.m. ET with Yzerman, current general manager Ken Holland, and owner Christopher Ilitch in attendance.

Holland is expected to remain with Detroit and become the team's senior vice president, per Miller. However, Holland has been contacted by other teams, including Edmonton and Seattle, according to TSN's Darren Dreger. He served as the Red Wings' general manager since 1997.

Yzerman led the Lightning to one Stanley Cup final in 2015 and won the NHL General Manager of the Year award that season. The Hall of Famer spent his entire 22-year playing career with Detroit, winning three Stanley Cups as captain and amassing 1,755 points.

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