Following Nicholas Ghesquiere's departure, New York-based designer Alexander Wang will take up the role of Creative Director of Balenciaga.

Ghesquiere officially leaves his position at the brand today, November 30th, and editors at industry bible Women's Wear Daily have simultaneously confirmed that Wang will be his replacement as he leaves.

The news is expected to be announced by the Italian label early next week in an official statement, but the internet is abuzz with this latest fashion spoiler.

Originally believed to be given to Christopher Kane after his departure from Versus last week, a job which has been now given to Irish designer Jonathan Anderson, Wang has beaten out competition to be awarded the prestigious role.

Lauded by critics in his home turf of New York City, Wang has risen up the ranks in a short five years. Having launched a ready-to-wear line in 2007, the 28 year-old is now a firm staple and favourite among the fashion set during New York Fashion Week.

Wang attended this year's CFDA Awards with actress Zoe Kravitz and singer M.I.A.

Where Ghesquiere was all about clear lines, image and print, Wang takes a different approach with a heavy street and sportswear luxe element to his collections. Slouched silhouettes, grungy inspiration and downtown styling are all key elements he brings to the catwalk.

Watch this space for how his new appointment blossoms...