Sven-Goran Eriksson is considering a contract to take over at Manchester City and reports claim he could be unveiled at Eastlands as early as next week.
The former England coach is potential new owner Thaksin Shinawatra's number one choice to spearhead his revival of the club should his £80million takeover be concluded.
Shinawatra's advisors had earmarked the 59-year-old Swede, plus Sevilla's Juande Ramos, former AZ Alkmaar coach Co Adriaanse and Blackburn Rovers boss Mark Hughes for the job.
But Eriksson is believed to have come out on top and is considering an approach to become the new Citizens boss.
Should Shinawatra's deal be completed then he will hand Eriksson - who has been out of work since leaving his post as England coach after last summer's World Cup - a £50million transfer kitty to rebuild the ailing club.
Meanwhile, Eriksson's agent Athole Still has denied misleading the media when he claimed earlier in the week that his client had not been in contact with representatives of Shinawatra.
The former Thai prime minister revealed he met Eriksson earlier this month but Still claims he was unaware of the contact.
"I didn't know anything," Still told Sportbladet. "I have said all this because I have been on vacation and not known anything.
"I have always been honest.
"Shinawatra's advisor Keith Harris contacted Sven directly due to the delicate matter of the case.
"I am very disappointed. I can understand why they did it like they did due to the confidentiality, but they should have contacted me first.
"Everything is sorted out amicably. There will certainly be further negotiations and then I will be present."