It is believed that Glenn Hoddle, the clubs preferred candidate for the vacant managerial post, has turned Reading down for the second time in his career.
The ex-England manager was sacked by Tottenham ten days ago and had looked set to take the fast track back into club management. However, it is reported that as in 1999, Hoddle has turned down the chance to manage Reading at the eleventh hour.
So the club are thought to have turned their attentions to Brighton & Hove Albion boss Steve Coppell, a man with a proven record in Nationwide League football.
It is alleged that the Royals received official permission from the Seagulls to speak to the 48-year-old yesterday and have now agreed a £100,000 compensation package with the South Coast side.
The Times and The Guardian both report that Coppell should be formally unveiled as the new boss within the next 36 hours.
Reading MAD believe that if Coppell was to be appointed it would be a fantastic move for the club. We have been trumpeting his name ever since the post became available and feel that if anyone has the ability to lead the Royals to the Premiership, and quickly, it's him.
A good friend of Alan Pardew's, the former Palace boss likely already knows a lot about the set-up of the club and would probably be able to lift the Royals from their current lowly league position into the Play-Offs this season.