A new Italian outfit called the Zebras will replace Aironi in next season's RaboDirect PRO12 competition.
The Italian Rugby Federation has confirmed that "Zebre" will be based in Parma and play at the XXV Aprile Stadium, which is currently being refurbished and expanded.
Aironi, who finished bottom of the table in each of their two seasons in the league, lost their status as a regional team in May when the IRF revoked their licence for financial reasons.
Appointments announced for the new team include Roberto Manghi as rugby director, Christian Gajan as technical director, with Vincenzo Troiani and former Italy scrum-half Alessandro Troncon taking coaching duties.
Former Italy hooker Fabio Ongaro will take on the role of team manager after announcing his playing retirement.