In a club statement, which made no mention of Meulensteen, Fulham chairman Shahid Khan said: “I’m especially impressed with the reputation Felix has for coming into clubs at difficult times, often late in the season, and lifting them to their potential and beyond.
“Felix knows that is precisely the task awaiting him at Fulham, and he made it abundantly clear that he wants and is ready for the opportunity.
“Our Club has shown promise in recent matches, but the fact is we have not won a league match since January 1. Given our form, we can no longer merely hope that our fortunes will finally turn.
“With 12 matches remaining, we certainly can no longer post empty results. Action was required.”
60-year-old Magath has signed an 18-month contract. He has won the German Bundesliga three times as a manager, twice with Bayern Munich and most recently with Wolfsburg in 2009.
Meulensteen told BBC Radio 5 Live: “I have not had a lot of time and people who came to the Manchester United and Liverpool games could see what I was trying to put in place.
“I couldn’t care less what they put in the statement, to be honest.”
Meulensteen, who spent 12 years at Manchester United working under Sir Alex Ferguson, won four of his 17 games in charge at Craven Cottage since taking over from Martin Jol, losing 10 times. He was in charge for just 75 days.
Magath has been out of work since leaving Wolfsburg in 2012.
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