Eddie Howe has agreed a two-and-a-half-year deal in principle to become Newcastle's head coach.
The 43-year-old has been out of a job since leaving Bournemouth following their relegation from the Premier League two seasons ago.
But after talks progressed on Thursday, Howe is set to be confirmed as the first managerial appointment of Newcastle's Saudi-led regime.
We understand he would also have been the man the previous ownership turned to had Steve Bruce been sacked on their watch. Lee Charnley - the managing director who remains at the club - is thought to have supported Howe's cause in light of the takeover.