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Steve Yzerman to be named Detroit Red Wings GM, will replace Ken Holland

Yzerman played for the Wings from 1983-2006, winning three Stanley Cups as captain. Elissa Robinson/DFP, Wochit

Steve Yzerman is coming home.

Yzerman, the former Detroit Red Wings star who captained the franchise to three Stanley Cups from 1983-2006, will be announced as the franchise's general manager during a 3 p.m. news conference Friday at Little Caesars Arena, a source with knowledge of the situation confirmed to the Free Press.

The source spoke on condition of anonymity because the news has yet to be announced by the Red Wings.