Manchester United will announce the appointment of Louis van Gaal after their final home game against Hull City next week, reports the Daily Mail.
The Dutch coach has agreed to takeover at Old Trafford immediately after Holland's World Cup campaign finishes, and will immediately get to work on rebuilding the squad.
Morale is low following a disastrous 10-month spell under David Moyes and the Manchester United board will entrust over £100m to the 62-year-old, who will focus on signing established stars from across Europe.
The target will be to win the Premier League in his first season with the minimum expectation of reintroducing the Red Devils into the top four.
With huge experience with Bayern Munich and Barcelona, but with only a few years left on the clock, Manchester United have gone for the short-term option in Van Gaal with the aim of quickly fixing the team.
What this means for the Class of '92 is, as of yet, unknown. Ryan Giggs is currently in charge of the team with Paul Scholes, Nicky Butt and Phil Neville all assisting the Manchester United legend.
However, Van Gaal wants to bring in his own backroom team and may not have room for the legends at Old Trafford. He would rather have Patrick Kluivert as his assistant and would also like to see goalkeeping coach Frans Hoek, physio Jos van Dijk and video analyst Max Reckers brought in.
Despite Van Gaal's wealth of experience, his appointment is still somewhat a risk because of his lack of experience in English football. However, his reputation is seen as key to bringing in world-class stars this summer and rebuilding the squad before a long-term manager can take charge in the next few years.