Thierry Henry is expected to agree a deal to become Monaco manager within the next 48 hours, according to Sky Sports News.
Talks are at an extremely advanced stage and though a deal has not yet been concluded, both parties are hoping to settle on terms over the weekend.
Monaco sacked Leonardo Jardim on Thursday with the club currently 18th in Ligue 1 and having won only one game this season.
Other names on Monaco’s shortlist were former Chelsea manager Antonio Conte and River Plate boss Marcelo Gallardo.
Since winning the French league in 2017, Monaco have raised almost half a billion pounds by selling players such as Kylian Mbappe, Bernardo Silva, Benjamin Mendy, Tiemoue Bakayoko, Thomas Lemar and Fabinho.
Henry, who is currently assistant manager of the Belgium national team, started his playing career at Monaco in 1994 and he was part of the team that won the French Ligue 1 in 1997 under Jean Tigana.
He ruled himself out of the running to replace Steve Bruce as Aston Villa head coach before Dean Smith was appointed this week.
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