Manchester United will pay $12m to appoint Mauricio Pochettino as their next manager, according to journalist Ben Jacobs.
The club announced that the Argentine, who has worked with the United States national team in recent years, will take charge of the Red Devils from Wednesday, 18 November.
Jacobs said on social media that Manchester United had agreed to spend $10m to release Pochettino from his contract. A further $2m will cover the release of members of his coaching staff.
Pochettino arrives with Manchester United in a difficult position in the Premier League. After 10 matches, they are 18th in the table and occupy a relegation place.
Their first match under the new manager is scheduled for 22 November, when Manchester United travel to face Liverpool.
