Brendan Rodgers will be Liverpool's next manager.
The current Swansea City boss accepted the offer from the Merseyside club and will be officially unveiled on Friday after compensation was settled with Swansea City.
Rodgers will sign a three-year contract with Liverpool with the Merseyside club paying around $6-8 million as compensation to the Welsh club.
Rodgers met with Fenway Sports Group and came to an agreement, two weeks after sacking Kenny Dalglish. The Scot was fired after an unsuccessful season, which saw the Reds finish in eighth place. Liverpool principal chairman John W Henry and chairman Tom Werner had made an extensive list on who could be their next manager with Wigan boss Roberto Martinez initially seen as the favorite.
Martinez even jetted off to Miami to hold talks with FSG, but it is understood that the Spaniard was not too happy about the proposed structure. Liverpool are looking at bringing in a Sporting Director - rumored to be Louis Van Gaal - and Martinez, who has complete control at Wigan was not comfortable with it. The 38-year old was also not thrilled to learn, he was not FSGs first choice. Wigan chairman Dave Whelan confirmed Martinez would remain with the club.
Liverpool owners flew to London on Wednesday, in view of making Rodgers their next manager. Talks went according to plan and the Swansea City boss agreed on a three-year deal and duly informed his current club's chairman Huw Jenkins.
A magnanimous Jenkins said he would not stand in Rodgers way and released a statement. "I was contacted by Liverpool last night and they expressed their wish to speak to Brendan regarding their vacancy.
"I had a discussion with Brendan to talk about their interest and his views on whether he wanted to speak to Liverpool.
"He expressed his wish with me to do that and he has spoken to Liverpool today.
"Following on from discussions with Liverpool's owners, Brendan has informed us that he would like to take up their offer to manage Liverpool.
At the beginning of the search, Rodgers rejected FSGs offer for an interview, saying he was not interested to be a part of a lengthy list of candidates. Rodgers has had a highly successful two-year stint with Swansea leading them to the Premier League with his side highly praised for their passing style of play.
"At the moment we are currently in talks with the owners to agree compensation. We are trying to finalize that within the next 24 hours.
"Although we are very disappointed to lose such a talented, young British manager, we didn't wish to stand in his way. As always at Swansea City, we want people working here who are fully committed to the task ahead.
"We wish Brendan every success in the future.
"We will always remain good friends and we thank him for all his hard work and passion at this football club over the past two years.
"We shall now refocus and quickly start the process of finding his replacement to continue the great work Brendan has carried out at this football club."
Another candidate that was linked with Liverpool, Paul Lambert, is reportedly close to becoming for Aston Villa's next manager. Lambert also had a great season with Norwich City and several reports suggest the Scot has resigned after the club refused him permission to talk to Villa.
