Roberto Mancini is to leave Manchester City at the end of the season and will be replaced by Malaga manager Manuel Pellegrini, according to reports in a Spanish newspaper.
With leading bookmakers slashing odds on the Chilean replacing Mancini to as short as 1/10, City officials were unable to clarify the situation surrounding the manager's position.
However, with City confirming last week that sporting director Txiki Begiristain met Pellegrini's agent in Madrid 12 days ago, the closure of a deal for the 59-year-old would come as a no surprise after months of speculation surrounding Mancini's position.
The former Inter Milan boss was given a five-year contract in June 2012 after securing City's first league title in 44 years. But it appears a limp defence of their title and a group-stage exit in the Champions League, has persuaded the hierarchy at the Etihad to look for a change of manager.
Pellegrini has impressed with a limited budget at Malaga. (© Daily Telegraph, London)