Former Hull City manager Phil Brown says he is close to agreeing a settlement with the club over the payment of the remainder of his contract.
Brown was placed on gardening leave by the Tigers in March after a poor run of results left the team languishing in the bottom three of the Premier League.
Iain Dowie was brought in on a temporary basis to try keep the club afloat, however, their two-year stay in the top-flight came to an end at the start of May.
Brown still had a year left to run on his deal and officials at the Humberside outfit opened talks to formally end the 50-year-old's four-year stay at the KC Stadium.
Reports had surfaced that Brown and Hull had agreed a compromise of £800,000 to sever ties, but Adam Pearson said such suggestions were 'premature'
The former Derby chief says a deal is close to being reached, although nothing had been finalised. Brown told Sky Sports News: "There has been reports and they're a little bit premature - we're very close.
"I'm going away on Sunday to Spain with my wife and daughter and when I come back hopefully we'll have a settlement agreed, a compromise agreed and I can move on with my career."
As Brown had not officially been relieved of his duties, a return was still possible for the man who guided Hull to the Premier League for the first time in over 100 years of existence.
But City's most successful manager denied such suggestions, saying it was time to move on. He added: "You never get surprised by football, these things were suggested to me and I thought about it long and hard about them.
"Obviously, if you turn them down you're breaking your own contract. At the end of the day you're sitting in your garden and you are under contract to the club.
"I've got nothing but admiration for Hull City and the board of directors and what they've done for the club - it hasn't just been myself, the management team and the players.
Purpose and direction
"I've had tremendous support and I wish them well in the future but it's certainly not one for me now."
Brown added that he was looking for a return to the game, and hoped to emulate the success he achieved during his time in charge of the Yorkshire club.
He added: "My life now is on hold. It's not a nice feeling. I like to wake up in the morning with the purpose and a direction and if I can get that purpose and direction in the near future, I'm not one for sitting around.
"I want to move back into football as quick as I can and hopefully achieve what I achieved at Hull."