The 50-year-old was unveiled as the new coach of the Brazilian national team at a press conference at the CBF headquarters in Rio de Janeiro this afternoon.
Dunga has already had a four-year stint in charge of Brazil, which ended after the nation"s elimination at the quarter-final stage of the 2010 World Cup, but insists that he is delighted to be back.
“I am immensely happy to be back," Dunga said.
“This is not my first time with the team.
“I was asked to rescue the values of the Seleção and get results.
“This is my second trip with the request that I prepare the team for the 2018 World Cup. We are going to finish our preparation for the Copa America [in Chile in 2015] and then we will see how we can improve."
Dunga was very matter of fact when he spoke about Brazil"s acrimonious exit from the recent World Cup. A 7-1 defeat to Germany in the semi-final led to the resignation of former boss Luiz Felipe Scolari.
“We are no longer the best," Dunga said.
“This is a project we all need to be aware of. Everybody had a concept of football and the World Cup. We can no longer pretend to be the big guys or that we are the best."
Dunga captained Brazil to World Cup success in 1994 but had no experience as a coach during his first four years in charge of the national side.
Since then, however, he has gained experience of management at club level with Internacional, although he was dismissed in October 2013 after less than a year at the helm.
Despite opposition to his appointment, Dunga remains bullish.
“I’m ready to receive criticism," he said.
“I need to draw the strength from the 20 percent who support me."