Reading are on the brink of being sold to a Russian billionaire.
The Daily Mail says Royals chairman Sir John Madejski signed an agreement with Team Sport International on Friday that will end with tycoon Anton Zingarevich, 29, buying the club.
Reading manager Brian McDermott flew to Milan to meet the club's prospective owners earlier in the week to discuss team rebuilding.
He has been assured by Zingarevich that his job is safe as Reading push for promotion to the top flight.
Madejski has agreed a deal to sell 51 per cent of his stake in the club with an option on the remainder of his shareholding.