Paris Saint-Germain are likely to pay off the final two years of Laurent Blanc's contract, with the manager's agent expecting the deal to be completed by the end of the week.
Blanc has guided Les Parisiens to two consecutive domestic trebles in his three years at Parc des Princes.
Despite this remarkable success, it is believed that the Frenchman's inability to bring home the Champions League trophy is what will cost him his job.
Speculation over the 50-year-old's future at PSG had started as early as April, following the club's elimination at the quarter-final stages at the hands of Barcelona.
Asked whether Blanc's departure was imminent, his agent, Jean-Pierre Bernes, told French radio station Europe 1: "I think so.
"We're in discussions with PSG directors and it's being done in an excellent atmosphere from both sides.
"Simply put, there are rules that need to be respected to end a contract and PSG are respecting those."
PSG are lining up former Sevilla manager Unai Emery for the job. The Spaniard has achieved significant success in Europe, having lead the La Liga club to a record three consecutive Europa League titles.