24horas.cl claim that officials from the Premier League club have held discussions with the Chilean, and there is a verbal agreement for him to take the job next season.
Roberto Mancini is set to leave the Premier League team, whilst Pellegrini’s reputation has burgeoned at Malaga.
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The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.
Five English clubs will compete in the last sixteen of the Champions League for the first time ever as Liverpool, Manchester United, Manchester City, Chelsea and Tottenham face some difficult away matches.