Roberto Mancini looks set to become Italy's new head coach after reaching an exit agreement with Zenit Saint Petersburg.
The former Manchester City boss signed a three-year contract with Zenit last year but the Russian side said it had been severed through mutual consent without any compensation payable.
"Zenit and Roberto Mancini have reached an agreement over early termination of his contract," the club said in a statement.
"The contract was cancelled by mutual consent of the parties without any indemnity payments."
Italian Federation [FIGC] commissioner Roberto Fabbricini said last week Mancini had agreed in principle to become the next manager of four-time world champions Italy, who failed to qualify for this summer's World Cup after defeat to Sweden in a two-leg playoff.
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