Modano will work directly with Wild president Matt Majka and owner Craig Leipold on initiatives related to the team's sales, community relations efforts, and corporate partnerships in the club's newly created position.
"I am very thankful for this opportunity and excited to work with Craig and Matt to help support a number of Minnesota Wild business initiatives," Modano said. "I have always felt a special relationship with this community and look forward to reconnecting with all the wonderful fans in the State of Hockey as a member of the Wild organization."
Modano compiled 561 goals and 1,374 points in 1,499 career NHL games during 21 seasons with the Minnesota North Stars/Dallas Stars franchise and the Detroit Red Wings.
The 48-year-old won a Stanley Cup with the Stars in 1999 and was elected into the Hockey Hall of Fame in 2014.
The hire marks Modano's second stint in a front-office position, as he previously served as an executive advisor and alternate governor with the Stars from 2013-15.