In a statement informing the deal, the club said, "Al Wasl can now confirm soliciting the services of one of the greatest footballers of all time." The club also informed that the deal was sealed "after lengthy negotiations held with Maradona" and hoped that the legendary footballer would take the team to new heights.
Marwan Bin Bayat, chairman of Al Wasl Football Co said, "The value of the contract is worthy of the stature and reputation of the great legend."
Maradona who led Argentina to World Cup glory in 1986, also coached his national team in the 2010 FIFA World Cup and had performed well before they were drubbed by Germany 4-0 in the quarter-finals.
Al Wasl are currently fourth in the domestic league and are 16 points adrift of the table-toppers Al Jazira.