West Ham will announce the identity of its new manager ``within 24 hours,'' with Avram Grant strongly favored to take the role.
The Premier League club said Wednesday it will release the statement on its website.
The east London side has been without a coach since firing Gianfranco Zola last month when the team only narrowly avoided relegation.
West Ham is widely reported to be hiring Grant.
The former Israel coach guided Portsmouth to the FA Cup final but quit days after the team's 1-0 defeat to Chelsea.
Heavily indebted Portsmouth was relegated but Grant was lauded for coaxing spirited performances from a squad weakened by the sale of almost all its best players.
``The club have been conducting a thorough recruitment program in recent weeks and made excellent progress after considering a number of candidates,'' the Hammers said in a statement.
The new manager will have more than a month to plan before the squad returns on July 5 for preseason training.
Luis Boa Morte may be among those players after West Ham offered the Portugal winger a new contract to follow a deal that is set to expire on June 30.
Boa Morte returned from nine months out injured on the last day of the Premier League season and scored the opening goal in a 1-1 draw with Manchester City.
Guillermo Franco, Ilan and Mido will all leave after the Hammers decided against renewing their contracts, while youth-team players Anthony Edgar, Jordan Spence, Matthew Fry and Oliver Lee have been offered new deals.
