Russell Martin has verbally agreed to become the new Southampton manager as current boss Ruben Selles' departure at the end of the season is confirmed.
Discussions between Swansea and Southampton are ongoing over the issue of compensation and the Saints remain in advanced talks with the Championship club over his compensation and that of his backroom staff.
Selles previously said he would not stay at Southampton if he was not the permanent manager, and his exit was confirmed by the club on Wednesday with his contract not to be renewed.
A statement added. "The club wants to place on record its thanks to Ruben for taking on the managerial position at a difficult time for the club and for giving his all as we attempted to stay in the Premier League.
"Ruben will take charge of the team for the final game against Liverpool on Sunday at St Mary's. We wish him all the best for his future career."
His expected successor Martin has only a year left on his Swansea contract and he postponed a trip to the US where he was due to discuss a contract extension with the club's American owners
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