Baltimore Ravens defensive coordinator Chuck Pagano will be the next coach of the Colts. (Patrick Semansky/AP)

Pagano, 51, coached the Ravens’ secondary for three seasons before taking over as defensive coordinator in 2011. He has coached in Oakland and Cleveland. The news was first reported by Pro Football Talk and the team made the announcement late this afternoon.

Chuck Pagano: “It’s difficult to leave the Ravens but I couldn’t pass up on this great opportunity. I’m just thrilled and so excited.”

— Baltimore Ravens (@Ravens) January 25, 2012

Under Pagano, the Ravens held Tom Brady and New England’s prolific offense well below their season average in a 23-20 AFC championship loss.

Pagano interviewed with Colts owner Jim Irsay and General Manager Ryan Grigson on Tuesday and reportedly was kept for a second day. Irsay had promised that hiring a replacement for Jim Caldwell would come quickly and this morning he seemed pretty chipper, tweeting:

There’s excitement in the air,The Horseshoe is pointing up..we treasure our past n present with Super Bowl on our soil,we claim our futureWed Jan 25 14:19:20 via Twitter for BlackBerry®Jim Irsay

The move continued an already-tumultous offseason in Indy, which saw its head coach, vice chairman and general manager fired since the curtain came down on the team’s miserable 2-14 season.

Chuck Pagano new coach at Indy..great.. Chuck coached for me at the U!Wed Jan 25 21:35:28 via Twitter for iPhoneJimmy Johnson

More from Washington Post Sports:

Colts hire Pagano to replace Caldwell as head coach

Patriots hold off Ravens, 23-20, to return to Super Bowl

Early Lead: Peyton Manning opens up on his future, Colts’ upheaval

Early Lead: Colts fire Jim Caldwell

Norman Chad: Coaches are hired to be fired