Roberto Martinez will take over at Everton, who have agreed a £1.5m compensation package with Wigan, according to the Daily Mail.
The Spaniard, who led Wigan to FA Cup glory in May, will look to succeed the much-lauded David Moyes at Everton on a limited budget.
Chairman Bill Kenwright was determined to find the right person for the job since Manchester United announced Moyes as the man to replace Sir Alex Ferguson.
There were a number of candidates considered for the position but Kenwright decided to appoint the 39-year-old because of his Premier League experience and the one who could maintain the momentum as one of the top-six sides.
Martinez's side Wigan were relegated last season which was clearly a concern for the chairman, but the Latics' FA Cup victory and free-flowing attractive football has proved to be a tempting fact.
Wigan chairman Dave Whelan confirmed on BBC 5Live on Monday Night that a compensation package has been agreed with Everton for his services.
He added: "I gave Roberto permission to speak to Everton last week. He came back and told me it had gone well, I think he was down to the last two or three on the list, and then their chairman rang me to discuss the compensation deal and we agreed that this evening.
"It sounds like he'll be the next Everton manager but, football being football, sometimes you can be wrong.
"Everton are a very honest club and Bill is a very honest person. We get on very well together and I trust him and Everton like I hope he trusts me."
Whelan concluded by saying that he has received over 30 applications for the soon-to-be vacant position at the DW Stadium, but has not been able to interview anyone - and has set a deadline of Tuesday night to decide whether Everton want to appoint Martinez as their new manager.
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