The Belgian is in advanced talks with German giants Bayern Munich over a surprise move to become to new manager in the dugout at the Allianz Arena.
The Clarets boss has agreed personal terms with the Bavarian club, with a compensation package now being negotiated between the two parties.
First appointed in the summer of 2022, Kompany enjoyed an unforgettable debut campaign at Turf Moor, transforming Burnley’s style of play and waltzing to the Championship title in the process.
Life in the Premier League was much more of a challenge, however, with the Clarets suffering an immediate relegation back to the second flight after amassing a measly 24 points.
Here, we take a look at some of the highs and lows of Kompany’s two-year spell:
5. Derby day delight
Between the start of October and mid-February, Burnley won 19 of their 23 games. None were more sweeter than a convincing 3-0 win against Blackburn at Turf Moor in November. Photo: CameraSport - Alex Dodd
6. Getting over the line
Burnley's inevitable promotion was confirmed at the start of April with a 2-1 win away to Middlesbrough. Ashley Barnes and Connor Roberts were the heroes on the night. Photo: Stu Forster
7. Winning the title at Ewood
Once promotion was confirmed, the focus quickly switched to making sure Burnley picked up the title too. Where better place to do it than at the home of your fiercest rivals? It's unquestionably the biggest highlight of Kompany's time in charge. Photo: Matt McNulty
8. Time to celebrate
Thousands flocked to Burnley town centre to watch two open top buses take Kompany, his staff and his players from the town hall on a victory parade to Turf Moor. The scenes will live long in the memory. Photo: Danny Lawson