Alain Perrin has been confirmed as the new coach of St Etienne. Les Verts sacked Laurent Roussey on Monday following the club's run of five straight Ligue 1 defeats and initiated talks with Perrin almost immediately.
Reports in France suggest the former Lyon coach will put pen to paper on a two-and-half-year deal at the Stade Geoffroy-Guichard when he is officially presented on Wednesday.
"An agreement was reached late last night with Mr Alain Perrin," sporting director Damien Comolli revealed on the official club website.
"He will be presented on Wednesday, November 12, at St Etienne FC to sign his contract.
"This signature will be followed by a press conference. He will then immediately take control of the first team.
"He is the right man to get the club out of this position."
Perrin has been out of a job since leaving Lyon in the summer despite guiding them to their seventh successive Ligue 1 title.
The 52-year-old was linked with the France position in the summer until the national federation confirmed they were keeping faith with Raymond Domenech.
The former Marseille boss, who also worked at Portsmouth and Sochaux, turned down the opportunity to coach Nantes at the beginning of the season.
Perrin will have to work quickly to turn things around, with Les Verts slipping into the bottom three at the weekend following a 3-0 defeat at home to Rennes.
However, they are still very much in the UEFA Cup and currently sit five points clear at the top of Group G following two wins out of two.