Former Cardiff manager Dave Jones is set to take over from the sacked Gary Megson at Sheffield Wednesday.
Megson was ousted from the Hillsborough hot-seat by chairman Milan Mandaric after just over a year in charge, despite the Owls lying third in League One and having beaten their city rivals United in the Steel City derby on Sunday.
Speculation over the 52-year-old's future was rife in the build-up to last weekend's derby with the Blades, with reports that the Owls had already approached Jones.
The former Wolves manager has been out of work since leaving Cardiff in the summer following another play-off disappointment and is set to be unveiled at Hillsborough on Friday afternoon, tasked with cutting the five-point gap that United have over them in second place and earning automatic promotion.
Megson's assistant Chris Evans is set to take charge of Saturday's League One clash at Rochdale.
Megson, though, has vowed to one day return to Wednesday to complete the job he started.
''I am very saddened that I will no longer have the opportunity to manage my hometown club, Sheffield Wednesday,'' he said in a statement issued through the League Managers Association.
''With just 13 games left this season and currently in third place in npower League One, it is very disappointing that I will not have the chance to guide this great club to promotion and back to the Championship.
''At some point in the future, I would love to come back to Hillsborough to finish the job I feel I had only just started. I am sure that many people are aware of the strong affection I hold for Sheffield Wednesday, not only from my playing days, but also the family connection with my father having served as club captain."