WANDERERS are set to appoint Ian Evatt as their new manager after agreeing a compensation deal with Barrow.

The club is understood to have settled a dispute over the terms of the 38-year-old’s contract at Holker Street and will now discuss personal terms.

Sources close to the deal believe an announcement could be made in the next 24 hours which confirms Evatt as the replacement for Keith Hill at the University of Bolton Stadium.

Peter Atherton, Evatt’s assistant, is part of the deal – ending speculation that he could stay on in Cumbria.

Wanderers are playing fourth tier football for only the second time in their history but believe the former Blackpool and Chesterfield defender, who led Barrow to an unlikely promotion from the National League last season, is the perfect man to revive their fortunes.

Compensation for the remaining two years of his contract has proved an issue, with Barrow claiming they were owed £250,000 as part of a “golden handcuffs” agreement.

Wanderers initially refused to meet their demands but it is understood the two clubs have now come to an agreement and that an official appointment is imminent.