Stuart Pearce will have further talks with Nottingham Forest on Thursday after admitting it is "very likely" he will be the club's manager next season.
Forest have been looking for a new boss since owner and chairman Fawaz Al Hasawi dismissed Billy Davies on March 24 following a run of eight matches without a win, culminating in a 5-0 loss to bitter rivals Derby.
Pearce initially turned down the job following initial talks last week, citing family reasons, b ut he appears to have now made a U-turn and confirmed that he is in talks about taking over at the City Ground, although he will not take charge before the summer.
"I'm still talking with Nottingham Forest and I'm due to go up and meet them tomorrow (Thursday)," he told talkSPORT.
When pressed on whether he will be the manager next season, Pearce added: "It's very likely."
Pearce, who spent two years as Manchester City boss before becoming England Under-21s coach in 2007, was first approached by Forest following Neil Warnock's decision to turn the job down.
Glenn Hoddle and Martin O'Neill were also linked with the post but it now appears that Pearce, who had a spell in caretaker charge in the 1996/97 season and also coached Great Britain at London 2012, will become club's eighth permanent appointment in as many years.
The 51-year-old spent 12 years with Forest as a player and admitted on Wednesday that he still had a lot of affection for the club.
"Forest have always been well supported whatever league they've been in, there's a rich history there," he said.
"It's a great club and one that's very close to my heart."
Gary Brazil is in temporary charge of first team affairs at the two-time European champions and looks likely to remain at the helm until the end of the season.
Forest currently lie seventh in the Sky Bet Championship, two points adrift of a play-off place with seven games remaining.