Liverpool managing director Christian Purslow is ready to hand the manager's job to Kenny Dalglish.
Sources close to King Kenny, who managed the club between 1985 and 1991, have confirmed he would jump at the chance of taking the reins again, says The Sun.
And now Purslow is poised to hand the Scot, whose last job in England was with Newcastle 12 years ago, the task of restoring the Reds to their former glories.
Dalglish, 59, returned to Anfield as the club's Academy Ambassador last July and would bring in Ian Rush, another Kop idol, with him should he get the job.
Turning to Dalglish also saves any compensation claim, such as the £2.5million it would need to grab Roy Hodgson from Fulham.