The 47-year-old is expected to switch from Brighton to Chelsea and will continue discussions with Chelsea's new owners.
Potter's Amex Stadium contract reportedly included a release fee that new Chelsea owners Todd Boehly and Behdad Eghbali are believed to have met in exchange for Brighton allowing the Blues to speak with their manager.
The aspirational US owners of Chelsea are committed to putting a manager in place at Stamford Bridge for the long term.
The coach, who was born in Solihull, is anticipated to complete his Chelsea contract in time to take charge of Saturday's Premier League trip to Fulham.
Chelsea is rumored to have made initial contact with Mauricio Pochettino and Ruben Amorim, the manager of Sporting Lisbon, as well as considering Zinedine Zidane and even Brendan Rodgers of Leicester.
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