Brendan Rodgers is set to become the new manager of Liverpool FC within the next 48 hours.
The Northern Irishman emerged as favourite for the job after talks with Wigan boss Roberto Martinez broke down.
Rodgers, 39, is yet to make any official statement or reaction, whilst Swansea are thought to be receiving around £ 5million in compensation for their boss.
The search for a new manager ends two weeks after Kenny Dalglish was sacked by club owners Fenway Sports Group.
Other big names to be linked with the job were Rafa Benitez and Andre Villas-Boas, but it seems Rodgers has become FSG’s number one target after talks with Martinez halted this week.
According to BBC Sport, Rodgers has signed a three-year deal at Anfield.
A statement from Swansea City chairman Huw Jenkins said:
“I was contacted by Liverpool last night [Tuesday] 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.
“At the moment we are currently in talks with the owners to agree compensation.
“We are trying to finalise 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.”
Rodgers is expected to be officially unveiled as Liverpool manager on Friday, June 1st.
FSG may seek to announce the new managerial appointment along with others within their new management structure.