Sherwood, 46, has remained the favourite to take over at Villa Park since Paul Lambert’s sacking earlier this week, and is now said to be closing in on the post after extensive negotiations with the club’s chief executive Tom Fox.
One of the first candidates to interview with the job, Villa are determined to make a swift appointment, and could even have the former Tottenham Hotspur boss in place within the next 48 hours.
Sherwood, who has also held talks with West Bromwich Albion and Queens Park Rangers this season, fits the club’s long-term visions for Lambert’s successor, and has continued to be touted ahead of fellow contenders Glenn Hoddle and Jurgen Klinsmann as the best fit for the role.
The former England midfielder remains well-respected for his work with Tottenham’s development squad after joining the coaching staff in 2008, and is credited with bringing through current first-teamers Nabil Bentaleb, Harry Kane and Ryan Mason.
In addition, he chalked up an impressive record in his managerial debut as Andre Villas-Boas’ replacement for the second half of the last season, as the club amassed 23 out of a possible 30 points in his first 10 league games in charge.
Nevertheless, he will face a tough task at Villa should he take on the role, with Tuesday night’s 2-0 defeat at fellow strugglers Hull City plunging the club into the drop zone for first time this campaign.
Sitting bottom of the top-flight’s form table after a dismal run of two wins in 21 games, the claret and blues are also on course to be the Premier League’s lowest-ever scorers with 13 fixture remaining, having netted just 12 goals in their 25 matches.