BOHEMIANS are hopeful Alan Reynolds will be able to begin work as their new boss on Wednesday.
SunSport revealed last Thursday that Reynolds had agreed a deal in principle to take over at the Phibsborough club.
But no settlement had been reached with Waterford, where he is assistant manager to former Bohs boss Keith Long, a role he has combined with acting as Jim Crawford’s no 2 with the Ireland Under-21s.
Compensation was due to the Blues who did not want to lose the Tramore native who has twice managed his local club.
And it is understood that an agreement has been struck with Bohs eager to get that done so Reynolds can take training on Wednesday, ahead of a baptism of fire on Friday with a Dublin derby against Shamrock Rovers in Tallaght.
Derek Pender and Trevor Croly have been in caretaker charge since Declan Devine’s reign came to an end just four games into the season after back-to-back losses against Drogheda United and Shelbourne.
The pair oversaw a battling 2-1 victory over the previously unbeaten Derry City 10 days ago before the international break.
Pender is likely to be retained on the first-team coaching staff in some capacity with Croly expected to revert to his role as the club’s under-20 manager.
Reynolds was the club’s top target once it became clear that an ambitious move for former boss Stephen Kenny– just four months after his departure as Ireland manager – was not going to happen.
He twice previously worked with Pat Fenlon as a player at Shelbourne when Nutsy was manager and as manager at Waterford where the Bohs Director of Football occupied the same role.
The 49-year-old was in the frame to replace Long after he parted company with Bohs in August 2022 but ultimately opted to remain as assistant boss at Derry City.
He left that role last season to return closer to home, as his mother was ill at the time and later passed away, and joined Long to help the Blues to win promotion.
The former midfielder has had two previous spells in charge of the Blues.
In 2004 as player-manager, with Paul McGrath as Director of Football, he led Waterford to the FAI Cup final in which they were defeated late on by Longford Town.