League One Coventry City have agreed a deal to groundshare at League Two Northampton's Sixfields Stadium for the next three seasons, BBC Coventry & Warwickshire reports.
The Sky Blues will no longer play at the Ricoh Arena, despite an offer from the stadium's owners to allow them to do so rent-free next season.
The move still needs approval from the Football League.
Northampton chairman David Cardoza said: "There's some legs in this, but it's not near done and dusted."
Coventry are yet to comment on the arrangement, which is expected to be discussed by the Football League on Thursday.
The deal would see City pay the Cobblers to hire the ground, which is a 34-mile drive from the Ricoh Arena, on matchdays only.