The 51-year-old kept the Sky Blues in League One after they flirted with relegation for much of the season.
Coventry City are finalising a permanent contract for ex Celtic manager Tony Mowbray, having seen him guide the Midlands outfit to safety in League One this season, according to the Coventry Telegraph.
Chief executive Steve Waggott issued a statement yesterday evening which said: “We’re now in the stages of finalising personal terms with Tony and structuring the club’s framework for next season.
“I’m aware that supporters are anxious for the discussions with Tony to be finalised but I’m hopeful of a more significant update towards the end of the week.”
The Sky Blues will now hope Mowbray can lead a sustained challenge to get back to the Championship next season, after spending three years in England's third tier.
Having impressed at West Brom from 2006 to 2009, the Englishman was thought of as a promising young manager only a few years ago, but his managerial career has stalled somewhat since that period.
Mowbray struggled in charge at two of his former clubs, with his spell at Celtic in 2009-10 particularly disappointing after high hopes that he would bring the Scottish Premier League title back to Celtic Park after Rangers had begun what turned out to be a three year stint as league champions.
The former defender actually won manager of the month at the start of his only season in charge in Glasgow, but he only lasted until March with Rangers comfortably on the way to winning their second title in a row.
The 51-year-old then had a three year period in charge at Middlesbrough, where he was a key player for nine years in the 1980s, but that too ended in disappointment, with a 7th place finish in the Championship the best Boro could muster under Mowbray's leadership.
Taking charge at the Ricoh Arena in March until the end of the campaign was his first job since then, and Mowbray led the Sky Blues to 5 wins and 4 draws in 13 games, finishing the season in 17th position.