Lawyers from both clubs are in the process of thrashing out acompensation deal for the former St Johnstone boss, which is the onlystumbling block to the move.
And Bolton, who, weather permitting, face Arsenal in the BarclaysPremier League at the Emirates Stadium tonight, hope to have him inplace in time for Saturday's trip to Sunderland.
Crash and Burnley: Steven Caldwell is disappointed to see Coyle leave Turf Moor
Coyle led Burnley into the top flight this season for the first time in 33 years after arriving in November 2007.
But he believes Bolton to be a more lucrative job and looks set to replace Gary Megson, who was sacked last week.
Frosty reception: Coyle at Turf Moor on Tuesday
Caldwell said: 'Owen has been fantastic for most people at the cluband lifted us to the level (Premier League) where we wanted to play.That's testimony to the man and the manager.
'But to all intents and purposes he's gone. There is no personbigger than the club and we will move on with the players we have hereand whoever the new manager is.
'We want to keep the momentum going and make sure we finish the jobwe've started this season. That is maintaining our Premier Leaguestatus.
'Hopefully the new manager will take us on to a new level, which isas an established Premier League club - something which would be afantastic achievement.'
Caldwell is currently sidelined with a groin injury but is planningto take in the crucial home game against Stoke on Saturday.
Coach Steve Davis could be in charge for that match if Coyle completes his move.
Caldwell told the club's official website: 'It's an extremely frustrating time for me to be out injured.
'But I will still be doing my best to help the lads in any waypossible. Whoever is in charge, if they want me to help I will bearound to do whatever I can.'
So, why exactly is Owen Coyle leaving Burnley for the Bolton job?Coyle leaves Burnley for Bolton after Clarets fail to convince boss to stayBOLTON WANDERERS FC