Harry Redknapp has agreed to become manager of Tottenham.
The 61-year-old expects be confirmed as Spurs boss later on Sunday morning after Portsmouth gave him permission to talk to the White Hart Lane club following the departure of Juande Ramos. According to Redknapp, Pompey will receive £5million in compensation from the north Londoners.
Redknapp said of his impending appointment: "It's going to be done tonight (Saturday), it will all be sorted out and by the morning I should be in place."
He added on Sky Sports News: "It's a great opportunity for me. It's a big club, Tottenham.
"I love Portsmouth and I loved my time there, we had some fantastic success and I'd never been happier.
"But it's a great deal for Portsmouth, £5million for me, and it's a chance for me to get on and see what I can do."
Redknapp expects to be at White Hart Lane for Sunday afternoon's clash with Bolton and plans to address the players before the match. And despite the despair likely to be felt by Pompey fans at his departure, the former West Ham boss insists it was best for all concerned.
"It's difficult, the funds are tight. We were talking about selling players in January," Redknapp said.
"Tottenham have come in and offered £5million, which is good for the club, and if we're all being honest it was a deal which is good for the club and a chance for me to manage a big club before I retire.
"It worked out okay for everybody."