Steve Yzerman is returning to the Detroit Red Wings, with a source confirming to ESPN that Yzerman will be named the team's general manager.

The Red Wings have called a news conference for 3 p.m. ET Friday that includes Yzerman without specifying the purpose.

A source confirmed to ESPN that current general manager Ken Holland will remain with the organization. According to multiple reports, Holland will get the new title of senior vice president.