Reports emerged on Wednesday suggesting the former Palmeiras coach would return to the dugout imminently.
Jose Maria Marin, the President of the Brazilian Football Confederation, said an announcement would be made on Thursday, more than a month earlier than it was originally said the decision would be made.
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.