Burnley and Bolton to discuss a compensation fee for Owen Coyle

Owen Coyle has moved closer to becoming the new Bolton manager after his current club, Burnley, confirmed this afternoon that they are to "enter discussions" with their Lancashire rivals over a compensation fee for the 43-year-old. Coyle agreed to move from Turf Moor to the Reebok Stadium last night after meeting the Bolton chairman, Phil Gartside, in Scotland on Sunday. Having then met with the Burnley chairman, Barry Kilby, yesterday Coyle decided to delay his decision for 24 hours but has now decided to replace Gary Megson at the club where he spent two years as a player. "Owen Coyle has today reaffirmed his desire to leave Burnley Football Club and join Bolton Wanderers Football Club," read a statement on Burnley's website. "Burnley will now enter discussions with Bolton Wanderers, due to the fact that compensation between the two parties has yet to be agreed. There will be no further comment at this time." The compensation sum is expected to be around £3m. Should talks take place immediately and smoothly then Coyle, who took over at Burnley in 2007 and guided the club into the Premier League via last season's Championship play-off final, could be in charge for Bolton's visit to Sunderland on Saturday.