Former Newcastle United manager Alan Pardew has been appointed by Crystal Palace after the club agreed a compensation package with the Magpies.
Pardew will sign a four-year contract with the Eagles, worth in the region of £2million-per-season, after agreeing to return to the club he joined as a player in 1987.
The two clubs settled on a fee to free Pardew from his contract at St James’ Park, which still had six years left to run.
After the Selhurst Park side were unwilling to meet the original release figure set at £5 million, a lower fee was agreed, which has been quoted to be £2 million, although Newcastle insist it was higher.
Pardew had made it clear to Newcastle owner Mike Ashley, who is in Barbados, that he wanted to return to Palace and the Toon chief agreed to compromise.
Those linked with the Newcastle job include club captain and defender Fabricio Coloccini, former Stoke City and Palace boss Tony Pulis, Derby County’s Steve McLaren and Eddie Howe of Bournemouth.