Roy Hodgson will be named the new manager of Liverpool, with Sven Goran Erikkson being tapped as his likely replacement at Fulham, according to reports in the English media.
Despite the possibility of the England position opening up, sources say Hodgson will return from South Africa this week and complete final negotiations with Anfield officials before taking the job sometime this week.
Reports indicate that Hodgson will sign on at somewhere around £3 million per year, around the same amount that Erikkson made in three games as the coach of Cote D'Ivoire. Liverpool are also expected to pay an additional £2 million in compensation to Fulham.
Meanwhile, the Erikkson is set to step down from his position as Ivory Coast manager and fill Hodgson's large shoes at Craven Cottage.
"It was clear when I took the job that it was until the end of our World Cup and that's today," Erikkson said after the Ivory Coast were eliminated in the group stages of the 2010 FIFA World Cup.
Hodgson, whom many tabbed to be Fabio Capello's replacement in the national squad after a dismal showing from the England team, leaves Craven Cottage after a history-making season which saw Fulham in the Europa League final, which they narrowly lost to Deigo Forlan-led Atletico Madrid.
While it seems all but done and dusted that Hodgson will be in charge at Anfield next season, Erikkson is not a lock at Fulham. Other candidates to replace Hodgson include Tony Mowbray, Mark Hughes, and Alan Curbishley.
Finally, Hodgson's move to Liverpool could also mean the same for Brede Hangeeland, and the Cottagers will have to fight their now-former manager for the services of the Norwegian international.