The Football Association is prepared to offer interim England manager Gareth Southgate the position for the next four years on a contract that would pay him a total of £6 million, according to The Telegraph's Matt Law.
The intention is to keep Southgate until after Euro 2020, but he will reportedly retain the right to trigger an escape clause following the 2018 World Cup.
FA executives are expected to present the deal to the 46-year-old following Tuesday's friendly against Spain.
The exhibition at Wembley will mark Southgate's fourth and final match in charge of the Three Lions as a temporary replacement for Sam Allardyce, who had to give up his dream job as a result of a newspaper sting.
Southgate would pull in significantly less than predecessors Allardyce (£3 million a year) and Roy Hodgson (£3.5 million) did during their time at the helm, but it's the term of the contract rather than the sum that he requested.
Law notes the four-year contract should give Southgate the necessary time to implement his philosophy and style of football.
"No, is the answer. I said earlier in the week that it would be easy to look at the negatives, but to work with top players and to work in big matches is what I want to do," he said. "From that side, no."
He's unbeaten in the three matches he has commanded - including Friday's clinical 3-0 win over rival Scotland.
While Southgate has neglected to introduce wholesale changes to the senior squad, he's made bold decisions in a short span of time, dropping Wayne Rooney from the starting XI for last month's qualifier in Slovenia.
Having coached England's Under-21 side, Southgate could also help the transition from his country's old guard in the coming years.