The 46-year-old arrives from Premier League side West Bromwich Albion, where he worked as senior professional development coach in their Category 1 Academy for three years, playing a pivotal role in the emergence of talents such as Saido Berahino and George Thorne.
Prior to that, he was reserve team manager at Peterborough United and manager of Brackley Town, who the Dons face in a pre-season friendly on Saturday 2nd August.
The UEFA Pro Licence coach can also boast a hugely-impressive playing career which saw him make almost 600 appearances for the likes of Luton Town, Oxford United, Stoke City, Manchester City and Leicester City, the latter of which he helped gain promotion to the Premier League in 1994.
Reporting to Director of Youth Mike Dove, with whom he passed his UEFA A Licence alongside, Oldfield will be responsible for the implementation of the coaching programme across the Academy, while he will also sit on the Club’s Technical Board.
“We’re delighted to have secured the signature of someone of his stature,” Executive Director Andrew Cullen told mkdons.com.
“It’s a role we have been doing due diligence on and it’s an appointment which took time as we wanted to find an outstanding candidate with strong credentials - David fits the bill perfectly.
“He joins us from a Category 1 Academy and has a UEFA Pro Licence which is important in the development of our top young players.
“Our aim is to have one of the best coaching structures in place and David’s appointment goes a long way to achieving that.
“His experience as a top professional player will be invaluable to all our young players in the Academy.
“I’d like to thank West Bromwich Albion for their cooperation in helping us with David’s release and we look forward to him starting his duties with us soon.”