Newcastle boss Alan Pardew is set to be the new Crystal Palace manager after agreeing a four-year deal, Daily Mail reports.
Pardew will earn £2million-a-season with the Eagles while Newcastle will receive a compensation deal also of around £2million to release him from a 6-year contract.
The former West Ham manager told owner Mike Ashley of his intentions to return to Palace, where he spent four years as a player reaching the FA Cup final in 1990.
With the Newcastle post unoccupied, several names have been mooted to fill in the managerial vacancy.
Toon captain Fabricio Coloccini is linked with the job, while former Stoke and Palace boss Tony Pullis – who won last seaons’s Manager of the Year award – is also a contender.
Pardew was not present for the post-match interview after Newcastle’s impressive 3-2 win over Everton on Sunday, and it is now clear he was already in negotiations with Palace.
After a difficult start to the season, Pardew was singled out by the fans as the scapegoat, with many urging Ashley to sack their manager.
However Pardew turned results around and won five games on the trot, before now leaving the club in favour of a return Palace return.