Chelsea have been admirers of Pochettino in the past and enquired about his availability when Thomas Tuchel left in September.
The 51-year-old, who has been out of work since parting company with Paris Saint-Germain in July 2022, has been approached by Real Madrid twice before and has also turned down several offers in recent months from clubs in various European leagues.
Ex-Bayern Munich head coach Julian Nagelsmann was initially thought to be the favourite to become Chelsea’s next permanent boss, while Burnley manager Vincent Kompany has also been linked with the role.
However, the speculation surrounding Pochettino has gathered pace over the last few days, with a deal to bring the Argentine to Stamford Bridge now said to be on the verge of being announced.
According to Sky Sports News, Chelsea could confirm his arrival within the next week, with the club’s recruitment, squad size and the Argentine’s backroom staff already being discussed.
The report claims that negotiations have been ‘positive’, with the 51-year-old set to begin his work as head coach once the 2022-23 campaign has ended.
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Lampard is widely expected to lead the team for the remainder of the campaign despite the team’s recent struggles, which have seen their already-slim chances of claiming a top-four finish evaporate.
The Blues have lost five of their last seven matches in all competitions, including their last four, which has also seen them eliminated by Real Madrid in the Champions League.
Pochettino previously managed Tottenham between May 2014 and November 2019,
leading the club to the final of the Champions League in 2018-19, while the South American was also in charge of Southampton between January 2013 and May 2014.
Chelsea have spent £600m on players and need a manager that can properly mine that investment.