Newcastle boss Alan Pardew could be on the verge of bringing his tumultuous four-year reign on Tyneside to an end and agreeing terms to take over as the new manager of Crystal Palace.
Several leading bookmakers suspended betting on the next Premier League manager to leave his post last night after reports that Palace have agreed compensation terms with Newcastle.
Neither club was willing to confirm suggestions that the Eagles would pay £2million to land Pardew (left), who still has five years left on his St James' Park contract.
Pardew made 128 appearances for Palace between 1988 and 1991 and scored the winning goal in his side's FA Cup semi-final win over Liverpool in 1990.
Despite a mounting campaign for his dismissal from a large section of Newcastle supporters, Pardew has retained the faith of Magpies owner Mike Ashley and guided them to ninth place in the Premier League table.
But the 53-year-old stoked the speculation over his future by failing to attend the post-match press conference following his side's 3-2 win over Everton on Sunday.
Tim Sherwood, Chris Hughton and former boss Tony Pulis have also been mentioned in connection with the vacancy.
St Ledger in Ipswich exit
Former Republic of Ireland international Sean St Ledger has been released by Ipswich Town without making a single appearance for the club.
St Ledger, who turned 30 on Sunday, only joined the Tractor Boys on a short-term deal last month, after being unable to find a club following his summer departure from Leicester City.
St Ledger may now seek to join Ireland captain Robbie Keane in the MLS, having previously stated that he had some interest from clubs in the US.