Claudio Ranieri has agreed to become the new Watford boss after Xisco became the first Premier League manager to lose his job, according to a report.
The Italian is understood to be on the brink of taking reins at the Premier League club, Sky in Italy has said.
MailOnline revealed on Saturday that the Italian had emerged as a serious contender to take the reins at Vicarage Road and there is confidence behind the scenes that a deal for the 69-year-old is within reach.
Watford have sacked head coach Xisco Munoz after just seven games of the new season
WATFORD NEXT MANAGER ODDS
Claudio Ranieri - 1/5
Diego Martinez - 7/2
Paulo Fonseca - 16/1
Eddie Howe - 18/1
Frank Lampard - 18/1
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One Hornets source said the move to recruit Ranieri was effectively 'done' yesterday, with indications that the contract would be until the end of next season.