The football boss will be accompanied by former banker Jenny Campbell as the new investors for the BBC2 show’s 15th series, the broadcaster said on Wednesday.
The incoming ‘dragons’ will replace Nick Jenkins and Sarah Willingham in the series airing late this summer.
They will join Peter Jones, who has starred in the show since it launched, as well as Deborah Meaden and Touker Suleyman.
Steve said: “I’m thrilled to become a dragon and really excited to meet the entrepreneurs in this series, see what ideas they bring to the den and how I might be able to help them grow.”
Jenny is the founder and chief executive of YourCash, a cash machine company.