Brendan Rodgers
Steve Clarke announces departure after Rodgers arrival Reuters

Swansea City boss Brendan Rodgers is all set to be Liverpool's new manager, provided the Reds agree to pay the £5mn compensation fee to the Swans as per the terms of the Irishman's contract, an ESPN report states.

Rodgers, who led the Swans to the Premier League after winning the Championship Play-offs last season, will reportedly sign a three year contract with the Anfield side, who have

Rodgers, who lead the Swans to the Premier League after winning the Championship play-off final last season, will be reportedly signing a three year contract with Liverpool, who earlier said they would reveal their choice on Friday.

Swansea chairman Huw Jenkins, who was desperately trying to convince Rodgers to continue at the Liberty Stadium, has confirmed in a statement that the former Reading boss has shown an interest in the Liverpool job.

"I was contacted by Liverpool [on Tuesday] night and expressed their wish to speak to Brendan regarding their vacancy. I had a discussion with Brendan to talk about their interest and his views on whether he wanted to speak to Liverpool. He expressed his wish with me to do that and he has spoken with Liverpool today," Goal.com quoted Jenkins as saying.

"Following discussions with Liverpool's owners Brendan has informed us that he would like to take up their offer to manage Liverpool. At the moment we are currently in talks with the owners to agree compensation. We are trying to finalise that within the next 24 hours," said Jenkins according to the Guardian.

"Although we are very disappointed to lose such a talented, young British manager, we didn't wish to stand in his way. As always at Swansea City, we want people working here who are fully committed to the task ahead," he said, according to a Telegraph report.

Rodgers was initially reluctant to hold talks with the Fenway Sports Group (Liverpool's owners) is set to become the club's new manager 15 days after Kenny Dalglish's sacking. Ironically Dalglish's last defeat in the Premier League was at the hands of Swansea City, who finished 11th.

"We wish Brendan every success in the future. We will always remain good friends and we thank him for all his hard work and passion at this football club over the past two years. We shall now refocus and quickly start the process of finding his replacement to continue the great work Brendan has carried out at this football club," ESPN Star quoted Jenkins as saying.