The Swans who have not won any match in the Premier League since the opening day of the season and are 17th and having 4 point in the table.
Bradley, who has also managed Egypt and Norwegian side Stabaek, leaves French second-tier team Le Havre to succeed Guidolin, who was appointed in January this year.
The club's hierarchy spoke to several potential candidates, including former Wales captain Ryan Giggs.
Bradley will take over a Swansea side who have lost their past three league matches and find themselves above the relegation zone only on goal difference.
Guidolin has been under intense pressure which was increased by Saturday's 2-1 home defeat by Liverpool - and his sacking was announced on his 61st birthday on Monday.
Swans owners Steve Kaplan and Jason Levien and chairman Huw Jenkins were impressed by Bradley's experience and character after meeting the 58-year-old.
His first match in charge will be at Arsenal on 15 October, after the international break.
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