Ange Postecoglou's rise to the Socceroos' coaching job is expected to be confirmed by Football Federation Australia (FFA) hierarchy today.
The 48-year-old has agreed to coach Australia to the World Cup in Brazil next year and beyond.
FFA officials on Tuesday night struck a deal with Postecoglou's A-League club, Melbourne Victory, to release their coach.
The Victory had pressed for the FFA to pay out the full amount of Postecoglou's $600,000 a year contract with the club, which was due to expire in 2015.
The FFA had already been forced to make a $1 million pay-out to Holger Osieck after they sacked the German as national coach following consecutive 6-0 away losses to Brazil and France.