Sky Sports sources understand Harry Redknapp is set to leave Tottenham Hotspur after nearly four years in charge at White Hart Lane.
Speculation about Redknapp's future has been building steadily since the end of the season, with reports suggesting that relationships have become strained over contract negotiations.
The 65-year-old's current deal expires next summer and he has previously made it clear that he would like to be offered a longer agreement.
Redknapp has also stressed in the past that he has no problem with chairman Daniel Levy, and dismissed claims earlier this week that he had resigned.
But while he had wanted to remain at Spurs, it is thought they have now decided to part ways following a meeting between Levy and Redknapp on Wednesday.
It is understood that a severance package is being discussed and Redknapp will officially leave the club by the end of Thursday.
Redknapp did achieve Levy's goal of reaching the top four last term, but Spurs missed out on playing in the UEFA Champions League after Chelsea's penalty shoot-out win over Bayern Munich.
Tottenham had occupied a position in the top three for much of the campaign, but faded badly after the turn of the year.
The slump in form coincided with stories linking Redknapp to the England job after Fabio Capello's departure, although the Spurs manager did not think it was a factor.
Roy Hodgson was surprisingly named as Capello's successor ahead of Redknapp and the focus is now set to turn to who will come in at White Hart Lane.
Everton boss David Moyes has been installed as the early favourite to take the reins at Tottenham next season.
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