The Sky Blues are priced at 11/2 to win the 2021/22 A-League grand final and boss Steve Corica believes Narsingh will give his side an extra boost.
The 31-year-old has played at the highest level with Dutch sides PSV Eindhoven and more recently Feyenoord and FC Twente, and also had a spell in the English Premier League with Swansea.
Narsingh also has 19 international caps to his name and is now looking forward to a new exciting challenge with Sydney FC in the A-League.
"This is a hugely exciting new challenge for me, in new surroundings and I'll be stepping out of my comfort zone," Narsingh said after the deal was announced.
"It will give me a new energy and I want to prove I can be a success in a new football environment and culture."
Corica is delighted with the signing and believes he will add even more quality to an attack that already includes the likes of Adam Le Fondre and Bobo.
"Luciano will frighten defenders with his speed and ability to get into great attacking positions," Corica added. "He has topped the Dutch first division with assists before and can also score goals so I expect he will open up our opposition.
"Added to the strength we already have going forward, including the return of Alfie (Adam le Fondre) and Kosta (Barbarouses), it's going to be an exciting finish to the season with plenty of goals."