NARAYANGANJ, BANGLADESH - MARCH 26: Brad Hogg and Brad Hodge of Australia look on during an Australian ICC World Twenty20 Bangladesh 2014 training session at Khan Saheb Osman Ali Stadium on March 26, 2014 in Narayanganj, Bangladesh. (Photo by Scott Barbour/Getty Images)
Hodge began his transition from player to coach in a playing-assistant role while at the Strikers, before working with Cricket Australia development sides.
He has also taken up head coaching roles in the world's most lucrative T20 cricket competition the Indian Premier League - in charge of of the Gujarat Lions in their first IPL season in 2015, before becoming head coach at Kings XI Punjab in 2018.
Hodge will be key mentor in developing young Renegades batters - such as Will Sutherland, Mackenzie Harvey and Jake Fraser-McGurk - having played 277 domestic T20 matches around the world, amassing 7406 runs and an average of 34.86.
He said he is excited to impart his knowledge and experience and help the young Renegades excel going forward.
"It’s great to be back. I’m super excited to get back into a different zone of Big Bash. I’ve been broadcasting for a couple of years, I played a few years ago – it’s such a great product," Hodge said in a club statement.
"I played for the ‘red’, I watched them win a title under Andrew McDonald and Aaron Finch. I’m looking forward to coming back and being part of that process.
"I love the process of building players up to match day, helping them prepare and ultimately performing on the day. Helping the young guys is something I’m really looking forward to, there’s so much talent there.
"The Melbourne Renegades haven’t been where they need to be in the last few years and I’m grateful to be part of this process and hopefully help ‘Sakes’ along the way to get us back at the top."
Hodge has been an expert commentator on Channel 7's broadcast of the BBL throughout the past four seasons, and will continue to do so alongside his role as a Renegades assistant coach.
Hodge told 7News that he hoped to be a "supportive coach" and a "good motivator for the young player".