Michael Laudrup is the new prime target to take over at Paris Saint-Germain, a source close to the club has told ESPN.
Reports earlier in the week linking Tottenham manager Andre Villas-Boas with PSG were not misguided as the French side are believed to be weighing up an approach for the Portuguese. There have also been suggestions that a move for the Spurs boss could see the Ligue 1 champions make a bid for Gareth Bale.
However, following reports in the English media suggesting that Villas-Boas is keen to stay with Tottenham for another season at least, Laudrup has now emerged as the new favourite to take over at Parc des Princes. A source close to the club's Qatari owners has hinted that an appointment could be made as early as next week.
PSG are eager to tie up a replacement for outgoing boss Carlo Ancelotti before he is given the green light to take over at Real Madrid.
And the move for Laudrup is seen as a glamorous solution for a club keen to promote themselves as one of the rising global brands of the modern game.
The Dane's successful spell as Swansea manager appeared to edge towards an end on Wednesday when the spat between his agent Bayram Tutumlu and club chairman Huw Jenkins became public, with Laudrup backing his long-term adviser when quizzed on his future by the South Wales Evening Post.
However, Tutumlu has since stressed that there is no tension between his client and Swansea.
"There is no problem with Michael Laudrup and Swansea City,'' he is quoted as saying by the BBC. "He is staying. It is my problem, my problem with Huw Jenkins.''
According to the Press Association, there was an initial disagreement regarding Laudrup's transfer budget for the summer, as the former Barcelona player looks to strengthen his squad for next season's Europa League campaign.
The Swans were also unhappy with Tutumlu wanting to put forward his own shortlist of proposed transfer targets, and did not take kindly to the agent's involvement in the potential sale of defender Ashley Williams, whom the club have no intention of letting go.
Laudrup has indicated that his intention is to stay in South Wales, but he has also made it clear that Tutumlu, who he has been working with since his playing days, will continue to act as his agent.
Meanwhile, Guus Hiddink's advisers have confirmed that PSG have been in contact to assess the availability of their client, who has verbally agreed to extend his stay as Anzhi Makhachkala coach without putting pen to paper on a new contract.
Information from the Press Association was used in this report