Former Chicago Bulls head coach Phil Jackson will join the New York Knicks by the end of the week, according to sources close to the NBA.

ESPN have been told Jackson, who played for the New York Knicks in his playing days, will join the Eastern Conference side as their head of basketball operations.

"Everything is pretty much done," the source told ESPN.

"There are just some little things here and there that need to be worked out, but the Knicks are very confident that this is essentially done."

Jackson has been out of the game since leaving the Los Angeles Lakers but is still regarded as one of NBA's best ever coaches.

The 68-year-old won six NBA titles during his time at the Chicago Bulls and five championships at the Los Angeles Lakers.

Jackson will be expected to help address the New York Knicks' topsy-turvy season and plan for the 2014/15 campaign.

The Los Angeles Lakers are also interested in employing Jackson, however he is expected to sign a deal with the New York Knicks by the end of the week.

The Knicks, who have won their last four games, are currently just one spot off of the playoffs.

New York Knicks