still unconfirmed but right now Mark Hughes is emerging as firm favourite to take over from Roy Hodgeson. from the BBC:

Mark Hughes set to become new Fulham manager

Fulham have reached an agreement with Mark Hughes for him to become their new manager, BBC Sport understands.

An announcement will be made by the club after legal negotiations are completed, possibly later on Thursday.

Former Manchester United and Chelsea striker Hughes, 46, has been out of work since being sacked as Manchester City boss in December 2009.

The Welshman will replace Roy Hodgson, who left Fulham earlier this month to take charge at Liverpool.

Fulham had wanted to recruit Ajax coach Martin Jol but were forced to look elsewhere when the Dutch club refused to let the former Tottenham manager leave.

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confirmed:

Fulham appoint Hughes

Welshman agrees two-year deal at Craven Cottage

Fulham have appointed former Manchester City boss Mark Hughes as their new manager at Craven Cottage.

Hughes has agreed a two-year deal to succeed Roy Hodgson at the West London club.

Hodgson left Fulham earlier this summer to take charge at Liverpool and Fulham have been linked with a number of names as they searched for a replacement.

Former Tottenham boss Martin Jol was the favourite for the role after Fulham made an approach to Ajax for his services, but the Dutch side rejected their overtures.

Sven Goran Eriksson and Dave Jones were both mooted as contenders for the job, but Fulham have decided to go with Welshman Hughes.

Hughes has been out of work since being sacked as Manchester City boss in December 2009 and he is relishing the prospect of taking charge at Craven Cottage.

"I am happy to have joined Fulham following much speculation regarding the appointment of a new manager. I have discussed my aspirations with both the Chairman and Alistair Mackintosh and believe that we are aligned in our aims for what can realistically be achieved here.

"I am joining on the back of two of the most successful seasons in the Club's history, and that in itself brings with it the challenges of expectation and ambition.

"I am confident that with some additions to the squad, hard work and commitment, we can move this Club forward in the right direction.

"I hope the Fulham fans will enjoy some special times during this season's campaign and we will work hard to achieve that. I'm looking forward to working with the squad as soon as possible, and in making sure the on-pitch preparations are complete before the first competitive ball is kicked in August."

Fulham chairman Mohamed Al Fayed welcomed the appointment of the former Blackburn boss and he believes he is the right man to lead the club forward.

"I would like to welcome Mark Hughes to Fulham. I know that he understands my vision for the club, and believes in what we want achieve.

"We have enjoyed two incredibly successful years, and my hopes and dreams for this club are for that journey to continue. I am confident that with his Premier League and National Team successes, Mark will be a great guy for the job."

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Good for Hughes.

He may have been out of his depth at City, but the manner of and excuses for his dismissal were a joke.

Glad to see Mark Hughes selected as manager of Fulham.

The competition will be much keener this season.

I doubt he can improve on Hodgson's achievements.

I happen to like Fulham and how they conduct their business.

best of luck to sparky a chelsea legend and a chelsea fan as a boy. i will never foget he's goal in the cup winners cup semi final.

Nice one, if it goes tits up he's just down the road