Sofia: Former European Footballer of the Year Hristo Stoichkov is poised to be named coach of his former club CSKA Sofia, the 31-times Bulgarian champions said on Wednesday.

“We’ve reached an agreement with Hristo and he’ll sign a contract when he returns from the United States (where he is on a private trip),” CSKA president Dimitar Borisov told state television BNT1.

The surprise announcement came only a few days after former Bulgaria striker Stoichkov, who won three league titles and four national cups as a CSKA player in the 1980s, said he would continue his work as coach of Litex Lovech.

The impending move has increased media speculation that CSKA and Litex could merge in an attempt to save costs, with the two clubs already discussing the possibility in January.