The former European cup winner steered Thailand to two Tiger Cup victories before joining Indonesia in 2004.
He failed to repeat his former success during his three years in Jakarta and was fired early in 2007.
''Peter has good knowledge of the European style of football and there will be many European teams competing in the University Games,'' said Thavatchai Sajakul, student team manager to the Bangkok Post.
''Peter has got a lot of coaching experience and knows a lot about football as well as the Thai footballers. I think bringing him back will inspire the Thai team.''
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