The Premier League club recently revealed plans to change the team's style of play under manager Sam Allardyce after a number of fans expressed their discontent last season.
The changes include the arrival of the 48-year-old, who will join Allardyce's backroom staff on a part-time basis.
"Being a West Ham boy and coming from the area, it fits nicely in all that I'm about, what with working alongside Sam and knowing a few of the players as well," Sheringham told the club's official website.
"They've got a lot of respect for Sam, they speak very highly of him and to know that's the case made me want to get involved.
"I obviously know [Andy] Carroll, [Carlton] Cole and Kevin Nolan and I understand there'll be a few more forward players that I could be working with and alongside to help improve."
Sheringham, who played for the Hammers, Tottenham Hotspur and Manchester United throughout his playing career, will join the coaching setup for the start of pre-season.