Liverpool and Feyenoord reached an agreement on Friday for Arne Slot to succeed Jurgen Klopp as manager, British media reported.
According to the Press Association, a compensation deal for the 45-year-old with two years left on his contract has been agreed upon.
The BBC said that the deal might be valued up to £9.4 million (10.9 million euros).
On Thursday, Slot stated that he was “confident” of obtaining the Anfield job.
“I would like to go to Liverpool. Now I’m waiting to see whether the clubs reach an agreement. I’m very confident in that,” he told reporters.
Slot moved to Feyenoord in 2021 after impressing in his first managerial role at AZ Alkmaar.
He took the Dutch giants to the inaugural Europa Conference League final at the end of his first season, where they were defeated 1-0 by Jose Mourinho’s Roma.
Slot then helped De Kuip win their second league title in 24 years last season before signing a new three-year contract.
Klopp will stand down at the conclusion of the season, following a nine-year reign that included the Champions League triumph in 2019 and the Premier League trophy the following year.
“I like the way his team plays football. If he is the one, I like that he wants it,” Klopp told reporters on Friday when asked to highlight Slot’s qualities.
“I don’t know him, but some people who know him say he’s a good guy. I like that a lot. So good coach, good guy. Looking forward for the club, if he is the solution, if he is the man, I’m more than happy.
“It’s the best job in the world, best club in the world. Great job, great team, fantastic people. A really interesting job.”
Feyenoord are presently second in the Eredivisie table, nine points behind leaders PSV Eindhoven.
Failure to win the Dutch crown would be a letdown for Slot, matching Klopp’s unhappiness with Liverpool’s flagging title bid.
Liverpool are currently third in the Premier League, three points behind champions Arsenal and two behind second-placed Manchester City.
City has a game in hand on both Arsenal and Liverpool, who appear to have squandered their chances after losses to Crystal Palace and Everton.