Sean Dyche is expected to be named as Everton's new manager, succeeding the sacked Frank Lampard.
Dyche and former Leeds United manager Marcelo Bielsa were the two main contenders after holding talks with Everton's hierarchy.
Bielsa was initially understood to be the favoured choice of owner Farhad Moshiri but the former Burnley boss is now in pole position.
The Toffees want their new manager in place before the weekend.
Bielsa, 67, expressed reservations about taking over in mid-season and whether the squad would fit his high-intensity and physically demanding style.
There were also doubts over the expensive package his appointment would require.