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Newcastle are set to announce Matthias Jaissle as their new head coach on Saturday after Eddie Howe's exit was confirmed.
Sky Sports News can reveal Newcastle have agreed to pay £9.5m (€11m) compensation to Saudi side Al Ahli for Jaissle.
The German, who previously managed Red Bull Salzburg, will sign a four-year contract at St James' Park.
The plan is for the 38-year-old to meet up with his new players in Spain on Saturday at their training camp in La Manga.
Jaissle's imminent appointment comes after Newcastle officially announced Howe's departure on Friday, a day after Sky Sports News had revealed his exit.
The reason the Howe statement was held up was to allow the club to ensure the Jaissle deal was agreed.
Jaissle's first match in charge will be a pre-season friendly against Valencia at the Mestalla next Saturday.
More to follow...
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