Petrescu, 44, will soon sign a three-year-contract, Dynamo said on their official website.Petrescu suddenly quit the provincial side from the Black Sea region on Tuesday, saying he needed a "new challenge".
The Romanian replaces former Russia international Dmitry Khokhlov, who was named caretaker coach 11 days ago in place of Sergei Silkin following a dreadful start to the season.
Dynamo, the country's oldest football club, are bottom of the league after losing all four games without scoring a goal and conceding nine.
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