AS expected, Owen Coyle is free to leave Turf Moor to take over at Premier League rivals Bolton Wanderers.
Coyle has been at Turf Moor for the last couple of hours to finalise details of his departure, after a meeting late last night ended with a club statement saying there would be a 24-hour delay on a decision over his future.
And he has confirmed his desire to leave Burnley and join Bolton Wanderers.
Burnley will now enter discussions with Bolton Wanderers, due to the fact that compensation between the two parties has yet to be agreed.
Bolton Wanderers remained confident he would take over the helm at the Reebok Stadium, and they have got their man to replace Gary Megson, leaving Burnley with a search for a new boss five days into the transfer window, four days ahead of a key home clash with Stoke City at Turf Moor.
Coyle, meanwhile, is unlikely to be installed in time to take charge of the Trotters' game against Arsenal at the Emirates Stadium on Wednesday night.
Wanderers sacked Megson after Hull came from 2-0 down to draw at the Reebok last week, and speculation instantly centred on former Bolton striker Coyle.
He only said on Thursday at the traditional pre-match press conference, when asked about speculation linking him with Bolton: "I think everyone knows the job we are doing here and we are trying to continue that.
"I love being at this football club and have shown that. I feel very privileged to be manager of a wonderful football club here. I've always said I enjoy being at the football club, I enjoy my work and coming through the door every morning. I think the players enjoy working for me, the fans like coming and we are trying to build something at the football club."
On Friday, bookmakers suspended betting on Coyle being named the new Bolton boss, and on Saturday, he ducked the post-match press conference after the 2-1 FA Cup third round win at Milton Keynes, leaving assistant Sandy Stewart to awkwardly answer questions over Coyle's future.
But after Bolton chairman Phil Gartside travelled to Glasgow to meet Coyle on Sunday, he tempted the Clarets boss to jump ship.
A desperate attempt to hold onto Coyle ensued, but a budget believed to be three times the size of Bunley's, coupled with a 10m January war chest, has swayed his thinking.
Steve Davis is expected to take over as caretaker boss for a second stint, having won at Leicester in November 2007 in his only previous game at the helm after Steve Cotterill left the club.
Coyle's departure will leave a bitter taste, especially with Burnley set to travel to the Reebok Stadium in three weeks' time.
>>Owen Coyle timeline photo gallery
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