Harry Redknapp met Birmingham's owners on Sunday night after keeping Blues in the Championship and expects a decision over his future to be reached this week.
The 70-year-old was brought in on a short-term arrangement last month to save the club from relegation and he achieved that objective by winning two of the three games he was in charge for.
Despite his residency in Dorset and his age, Redknapp has stated he is open to the possibility of staying on in the midlands and he expects the situation will be resolved this week after further discussions with representatives from Trillion Trophy Asia.